U.S Non-Farm Payrolls

<h2><span><span>The U.S Non-Farm Payrolls will be released Friday, 06th March, 2020 12:30 GMT and is a key economic indicator that can cause volatility in the markets.</span></span></h2><span><span><b>What to Expect this Month?</b></span></span><br /><span><span><br />Many of the market experts and economists are expecting US Non-Farm Payrolls to post -2.2M and -10M for the month of May, while the consensus is only at -8M. Unemployment rates are expected to rise again to 19.8% for the month due to the coronavirus impact.<br /><br />The European Central Bank's exceeded expectations by expanding its Pandemic Emergency Purchase Program (PEPP) by €600 billion to a total of €1.35 trillion, the decisions has pushed EUR/USD to the highest levels since mid-March, and it seems the gains may continue. For the pair, the Non-Farm Payrolls will be critical to determine the pair’s next move.<br /><br />The Wage growth is expected to be at decent levels as low-earners have suffered job-losses during the pandemic.&nbsp; The employment-to-population rates are likely remain depressed, however, May's shedding of jobs is expected to be much smaller than in April, and considering the doom-and-gloom, indications are pointing to a relatively upbeat report. One warning is that the ADP's private-sector jobs report,&nbsp; seem too good to be true. <br /><br /><b>Opportunities Around the NFP Reports:</b><br /><br />Regardless of the results of the Non Farm Payrolls, the markets always experience moves immediately after the release which offer traders excellent short-term trading opportunities. Positive or negative reports will affect market sentiment which can create new trends and trading opportunities.</span></span><br /><span><span><br /></span></span><span><span><b>Claim Real Cash Backs </b>on your Trading with the Yadix Rebate Program: <a href="https://www.yadix.com/forex-trading-community/promotions/Instant-Rebate-Program/">https://www.yadix.com/forex-trading-community/promotions/Instant-Rebate-Program/</a></span></span>