fbpx

Register for MT4 Demo Account

Register for xStation Account

Today Market

📌 Get Ready For December 2022 NFP Data

By XFlow Markets Team Friday, Jan 6, 2023 | World News

 Latest NFP (US Non-Farm Payroll) Data Prediction for the Month of December 2022

 

The bullish traction in precious metals & steady US Dollar Index had been witnessed in later part of the year 2022. Majorly, the U.S FOMC stance over smaller interest rate hikes same like previous hike of 50 bps led buying pressure in indices, currencies & commodities.

An improvement in controlling inflationary pressure & the status of employment sector will further contribute Fed’s monetary policy decision. On global front, the suspicious view of easing down of Covid-19 restrictions & lockdowns in China makes the market more vulnerable.

The market will be monitoring an outcome of U.S Non-farm payroll which to be issued on January 06, 7.00pm IST, Friday & will show a change in the number of employed people during the previous month, i.e. December, excluding the farming industry.

The report expects a mild drop-down in employment figure by 200K lower than previous reading of 263K while Unemployment Rate is expected to remain constant at 3.7%.

NFP

Above is the Graph showing the changes in Employment data since last three months.

Above graph shows mild progress in employment sector in last three months amid improving inflation concern & resumption of manufacturing & industrial activities in an economy.

On Thursday, the estimates of U.S ADP Employment Change showed a rise in number of employed people by 235K & the Unemployment Claims fell to 204K against respective previous reading of 182K & 223K.

If NFP data comes out to be stronger, then the possible effect can be – strong US Dollar Index, soft precious metals & stronger global indices. Other way round, if data shows downbeat results, then downside in indices & buying bias in Gold can be noticed.

Prepare yourself for NFP release on

January 06. 2023. at 8:30am New York time

XFlow Markets Team

XFlow Markets is one of the leading brokerage firm in the trading industry with vast number of clientele followers. We are ranked as the top most firm with 9 years of experience along with top-notch trading services. We widely trade in Forex, Indices, and Commodities.

Related News & Updates

How To Make Money With Forex? | Tips for a Profitable Portfolio 

Forex trading, also known as FX Trading or Currency trading, refers to buying and selling international currency pairs. The primary goal of forex trading is to exchange one currency with Continue reading

Beginner Friendly Trading Strategies | Easy Trading Setups

Beginner’s Trading Strategies:  In this article, we will give you an in-depth guide along with the essential steps a beginner trader needs to take to start their journey in trading. Continue reading

Trade with trust

Switch to XFlow and Start Earning Now!

footer-logo

XFlow Markets provides an entirely transparent access to the FOREX Market through two powerful trading platforms (XFLOW & MT4) with excellent execution speed, a 24/5 client support system with no dealing desk involvement.

© 2022 XFlow Markets LLC, All rights reserved.

Risk Warning: Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances.

You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks.

XFlow Markets does not offer Contracts for Difference to residents of certain jurisdictions including the Belgium, Iran, Canada, North Korea, the USA, Cuba, Syria and FATF Black Listed Countries.

XFlow Markets is incorporated in Saint Vincent and the Grenadines with registration no. 255 LLC governed by the Limited Liability Companies Act Chapter 151, registered by the Financial Service Authority of Saint Vincent and the Grenadines.

XFlow Markets is not required to hold any financial services license or authorization in Saint Vincent and the Grenadines to offer its products and services.

Telephone number: +44 20 3835 5241 Working hours: 7:00 AM - 5:00 PM (GMT+0)