Prepare for market reactions to Friday’s NFP release

As you know, the first Friday every month signifies the release of the Nonfarm Payroll.

This is one of the most anticipated financial releases and is used as a gauge of economic health in the United States.

Generally, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish),

What to expect from November's NFP

Friday’s NFP release is expected to show that the U.S. added 200K jobs in November, a significant decrease from 250K jobs in October.

November’s Unemployment Rate is expected at 3.7%, same as last October’s.

Average Hourly Earnings (MoM) are expected to increase by 0.3%, slightly up from last month’s 0.2%.

As well as impacting the value of the U.S. Dollar, the release can also impact the stock market and the price of gold.

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