Locked and loaded for another edition of non-farm payrolls

Author: Adam Button | Category: News

Canadian jobs also coming up

breakfast
It's the first Friday of the month and it's time to chow down on the non-farm payrolls report. I wrote a preview for it yesterday and I would lean to the upside if gambling on jobs reports was a good strategy. At the moment, it seems as though someone else has the same idea as USD/JPY ticks up to the best levels of the day.

The consensus is 1m jobs but as you can see from this graph via @newsquawk, there are some seriously outliers that could make for a lively reaction.
jobs report
The Canadian jobs report is also due at the same time. I think this is a less-interesting report because the economy was heavily locked down in April. The consensus is -150K after a +303K report in March. If we get something soft, I would be a seller of USD/CAD because it's a 1-3 month blip before the vaccines kick in and commodity prices are soaring.

Invest in yourself. See our forex education hub.
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose