Replies to post #324669 on Option Millionaires

[uranium-pinto-beans]

NFP report --->>


Key highlights -
HThe headline number for total hires last month was 313,000. March ADP employment number was very encouraging at 241,000 after February's highly encouraging 246,000.
Today payrolls are expected at 190,000.
The second most vital component is wage growth which as of now is showing healthy growth of 2.6 percent. Today expected at 2.7 percent y/y.
The labor force participation rate is showing some signs of rebound. It was at 63 percent, in the last report. It is expected to rise to 63.5 percent.
The unemployment rate is expected to decline to 4 percent.
The underemployment rate is expected to improve further from current 8.2 percent.
Average weekly hours were previous 34.5; no changes expected today.
Impact -
The immediate impact is usually very volatile and likely to affect the majority of the asset classes.
A better than expected report especially the headline number (above 245,000) and wage growth could lead to a recovery in the dollar which has been struggling recently.
The dollar selloffs could accelerate on a materially weak report of headline below 160,000. The dollar index is currently trading at 90.49, up 0.04 percent so far today.