Register for MT4 Demo Account

Register for xStation Account

Today Market

US Non-Farm Payroll Data Forecast For the Month of February

By XFlow Markets Team Friday, Mar 5, 2021 | World News

The record high levels can be seen in U.S markets since optimism looms over clearance of U.S stimulus package worth $1.9 trillion as proposed by U.S President Joe Biden in order to stabilize economic conditions.

The bill has been passed by U.S House of Representatives & is under-discussion in Senate. Besides this, the progressive rolling out of Covid-19 vaccine doses in the country may help in improving global growth as well as employment sector.

The traders & investors will be looking forward to the result of Non-Farm Employment Change data release on March 5th, 2021. The figure shows a change in the number of employed people during the previous month, i.e. February, excluding the farming industry.

According to U.S report, the employment figure is expected to rise by 185K against the previous rise of 49K & an Unemployment Rate is expected to remain steady at 6.3% same as prior reading. Bulls may be further extended in indices if results are out as per the expectations.

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

nfp forecast

 

For the data release of U.S ADP Non-farm Employment Change on March 03, the number of employed people increased by just 117K lower than forecast which may contribute into mixed results of NFP data.

If NFP data comes out to be stronger as expected on Friday, 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. 

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

📢 Latest NFP (US Non-Farm Payroll) Data Prediction for the Month of September 2021

US Non-Farm Payroll Data Forecast For the Month Of September 2020 A bump-and-go ride in the equity markets makes the outcome of U.S employment figures more vital. The slowdown in Continue reading

📢 Latest NFP (US Non-Farm Payroll) Data Prediction for the Month of June 2021

US Non-Farm Payroll Data Forecast For the Month of June 2021 The markets are swinging amid upcoming U.S Non-farm Payroll data which will show a change in the number of Continue reading

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.

© 2021 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.

  • triangle.png
  • Regulated by FSA

    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.

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.

Telephone number: +44 20 3966 8838 Working hours: 7:00 AM - 5:00 PM (GMT+0)

Get your bonus Instantly

Offer valid till 31st December 2021!