US Non-Farm Payrolls
The release of the Non-Farm Payrolls report at 14:30 Metatrader time is perhaps the most volatile event of the week. Highlight November 4 in your calendar, as NFP is a major profit/troublemaker indicator that represents the overall number of paid workers in the US excluding farm and government employees, as well as people working for nonprofit organizations. The Fed closely watches this report to define its interest rate. Last report figures fell short of expectations (only 156K jobs were created instead of forecasted 171K). Don't forget about other important releases coming out today - trade balance, unemployment rate and average hourly earnings - they could also influence the USD exchange rate.
