NFP Day! Will Friday’s NFP report keep telling the same story?

NFP Day! Will Friday’s NFP report keep telling the same story?

Will Friday’s  NFP report keep telling the same story? Or will it be a surprise figure?

The answer will come when the July NFP figures are printed at 8:30 a.m. in Washington. The median average estimates of economists surveyed  are for non-farm payrolls to rise 193,000 in July, the unemployment rate to tick down to 3.9 percent from 4 percent and for average hourly earnings to advance 2.7 percent from a year earlier, the same as in June. Here’s what Forex Trust Club are forecasting ahead of the data: 175,000.

So a slight decline, could be a good day to go against the USD. Buy EUR USD maybe, or GOLD perhaps? Is that what you are considering like many other investors and traders?

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NFP Chart/Graph.

NFP Day! Will Friday’s NFP report keep telling the same story?

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