Trading Ideas - Non-farm Payrolls, Average Hourly Earning, Unemployment Rate - Sept 5th - Forex Forum

Hello,
we have some important events today: THE non-farm payrolls...

12:30 GMT: Average Hourly Earnings. The Average Hourly Earning released by the Bureau of Labor Statistics of the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates. A high reading is also positive for the USD, while a low reading is negative.

12:30 GMT: Nonfarm Payrolls. The most important piece of data contained in the employment report generally and the establishment survey specifically is the non-farm payrolls released by the Bureau of Labor Statistics of the US Department of Labor. The nonfarm payrolls measure the number of people on the payrolls of all non-agricultural businesses. The monthly changes in payrolls can be excessively volatile. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

12:30 GMT: Unemployment Rate. The Unemployment Rate released by the Bureau of Labor Statistics of the US Department of Labor is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the US economy. Therefore, a decrease of the figure is seen as positive (or bullish) for the USD, while an increase is seen as negative (or bearish).

14:00 GMT: Ivey Purchasing Managers Index. The Ivey PMI released by the Richard Ivey School of Business captures business conditions in Canada. The Ivey PMI is an important indicator of business conditions and the overall economic condition in Canada. A result above 50 signals is seen positive , or bullish for the CAD, whereas a result below 50 is seen as negative, or bearish.

I will come back with the technical analysis before the release.

I have a very interesting long term configuration on EUR/JPY if 150.00 is broken, the next target will be 140.00 (1000 pips)


Continue to follow the trend on GBP/JPY, GBP USD and EUR USD