Tomorrow, on Friday, February 2, we enter the Non-Farm Payroll day. This is the first time this year, and presents a new first set of key data for Federal Open Market Committee (FOMC). This event is very important for both small and large investors, so this post is desirable to read.
According to forecasts, we can expect that numbers for earning for the Non-Farm Payroll will rise by 180,000.
Next Non-Farm Payroll day is on 9th March 2018!
PS: NFP serves to measure the number of employees (*in this measurement the farming industry is excluded), and its generally issued for the previous month.
Good start of 2018 shows that we worked hard and tried to repeat great results from last year. So, there is no omission, we are going to new victories!
Here you can see results for January month by package:
- Standard package made 452 pips net profit
- Professional package made 1084 pips net profit
- Ultimate package made 2921 pips net profit
- Pearl package made 12816 pips net profit
During the European morning we get France’s preliminary CPI rate for January, Germany’s unemployment rate for January, Eurozone’s preliminary inflation rate for January as well as Eurozone’s unemployment rate for December. We see the case for the negative effect of the inflation slowdown, of both France and the Eurozone to overshadow any positive impact of the German and Eurozone unemployment rates release. Later on we get Canada’s GDP data for November and the US ADP National Employment indicators which could support the greenback. Also, we get the US Crude Oil inventories figure which is expected to carry a positive sign for the first time in a long period. Last but not least as mentioned in the analysis before, we get the FOMC’s interest rate decision. As for speakers, Riksbank Governor Ingves speaks.