A Huge Day For Trading: US Non-Farm Payrolls

Keep your eye on the US Non-Farm Payrolls today!

The US Jobs Report will be released at 12:30 p.m. (GMT).

Why Is This Important?

The Non-Farm Payrolls track the change in the number of people employed by the US in manufacturing, construction, and goods companies. It does not include farming industry employment. The US Jobs Report is so important for the upcoming Fed decisions.

At peace talks this week in Istanbul, Russia said it would curtail operations near Kyiv and the northern city of Chernihiv to build trust, though Ukraine and its Western allies dismissed Russia's pledge as a ploy to stem losses and prepare for other attacks

Investors have been worried that surging price pressures could force global central banks into aggressive rate hikes, potentially triggering recessions.

The US dollar extended a rebound versus major peers on Friday, also resuming its rally against the yen, ahead of a key U.S. jobs report that could cement the potential for a 50 basis-point Federal Reserve interest rate hike next month.

US Nonfarm Payrolls are expected to rise 475K in March versus 678K in the previous month. The Unemployment Rate is expected to move down to 3.7%. Average hourly earnings are expected to come out to 5.5%, year on a year basis.

01 Apr 22 (Fri)

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