Register for MT4 Demo Account

Register for xStation Account

Today Market

📢 US Non-Farm Payroll Data Forecast For the Month of MAY

By XFlow Markets Team Thursday, Jun 3, 2021 | World News

The hay-way in world markets amid uncertain FOMC approach towards monetary policy in its next meet & mixed chances of tapering down talk widely supported the US Dollar Index.

However, the investors are eyeing a significant data release of U.S Non-farm Payroll data which will show a change in the number of employed people during the previous month, i.e. May, excluding the farming industry.

The data is to be released on June 04, 2021, at 6.00 PM IST. The traders remain optimistic with the current forecast outweighing the previous disappointing figure amid progressive roll-out of Covid-19 vaccine doses & improvement in the global recovery.

The U.S report expects a rise in employment figures by 645K & a drop-down in Unemployment Rate to 5.9% from 6.1%. The market sentiments may be boosted considerably higher if data comes out to be positive.

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

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

For the data release of U.S ADP Non-farm Employment Change on June 3rd, the number of employed people increased by 978K much higher than forecast 645K which may contribute to the upbeat 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.

Another 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 Prediction for the month of March 📈

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 Continue reading

Volatile Commodity Market as Nickel Zooms 60% and Oil Surges to $126 📈

Volatile Commodity Market as Nickel Zooms 60% and Oil Surges to $126 Nickel had pared some gains to trade 66% higher at $80,000 a ton before the suspension. Other metals Continue reading

Trade with trust

Switch to XFlow and Start Earning Now!


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.

  • triangle.png
  • Regulated by FSA

    The interests of XFlow Markets clients are protected by the Financial Commission’s Compensation Fund for up to USD 150,000 per claim.

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 4571 0278 Working hours: 7:00 AM - 5:00 PM (GMT+0)