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📢 Latest NFP Prediction for the month of March 📈

By XFlow Markets Team Friday, Apr 1, 2022 | World News

NFP forecast for March

The equity & currency markets edges higher since last few weeks as optimism looms over ongoing peace talks between Russia & Ukraine; after Russia invaded of Ukraine on February 24th, 2022.

Most recently, the former agreed to cut down its military operations in Ukrainian city of Kyiv & in return the Ukraine proposed to adopt neutral status. The first sign towards resolving the conflicts boosted traders & investors sentiments.

Besides this, the soaring down of Oil prices amid mounting Chinese Covid-19 cases further pushed up the equity markets.

However, the hawkish U.S FOMC’s stance towards future interest rate hikes led a downfall in US bond yields which may lead to recession in an economy; proving to be vital factor for financial markets.

Now, the traders will be eying an outcome of U.S Non-farm payroll will be issued on April 01, 6.00pm IST, Friday & will show a change in the number of employed people during the previous month, i.e. March, excluding the farming industry.

The result may impact Fed’s future interest rate decision with a concern over economic growth.

The report expects a rise in employment figure by just 492K lower than previous reading of 678K while Unemployment Rate may lower down to 3.7% from 3.8% previously.

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

 

NFP Data March 2022

 

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.

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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.

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