At 13:30pm London, the US employment report Non-Farm Payrolls for December is released. The monthly jobs report usually generates considerable volatility in the markets, due to the unpredictable nature of the release. The report is released by the US labour department and is for all goods, construction and manufacturing companies in the US, excluding farm and NGO employees.
Following the better than expected US ADP report some banks have revised their estimate higher in recent days.
On Twitter the hashtag #NFPGuesses, these are guesses from journalists, retail traders, analysts, speculators… but can give an indication as to market view.
Following from the ADP figure & ISM report my #NFPGuesses is +215K and Unemployment rate 7.0%— Joe Bond (@Joe_Trading) January 10, 2014
Following the release there is usually considerable volatility.
The above is accurate to the best of our knowledge, however this cannot be guaranteed. Trading margin spot FX and CFDs are high risk investments.