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  • NFP Friday – July Nonfarm Payrolls 2023

NFP Friday – July Nonfarm Payrolls 2023

NFP Friday – July Nonfarm Payrolls 2023

The U.S. Bureau of Labour Statistics will release its July nonfarm payrolls (NFP) report on Friday. Reports suggest that U.S. employers hired 200,000 workers last month after adding 209,000 jobs in June. With this result, the jobless rate is seen holding steady at 3.6%, indicating that the labour market remains extremely tight.

ADP reported on Wednesday that the US domestic labour market added an estimated 324K positions in July. The economic data outperformed expectations of 189K but remained lower than employment additions in June of 497K.

Federal Reserve (Fed) policymakers may now consider a continuation of the rate-tightening cycle at its September policy meeting.

The gold price (XAUUSD) is looking fragile and struggles to sustain above the immediate support of $1,930.00.

Be ready for the main event as well as events from Canada!

Friday 4th August High Impact Events

Times below are GMT+3

  • 15.30 – Canada – Unemployment Change, Unemployment Rate

Potential instruments to Trade: CAD Crosses. 

  • 15.30 – US – Average Hourly Earnings m/m, Non-Farm Employment Change, Unemployment Rate

Potential instruments to Trade: USD Crosses. 

  • 17.00 – Canada – Ivey PMI

Potential instruments to Trade: CAD Crosses. 

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email [email protected].

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 33.33% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Read our Risk Disclosure.

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