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),
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.