7 out of 11 major banks expect a rise in NFP but i think it will be less than the expected number. Reasons for this:
ISM services PMI had a sharp drop from 54 last month to 49.5 this month indicating at a contraction in the service sector.
ISM manufacturing PMI was 50.9 this month compared to last months 56.3 ( 5% drop!).
4 weeks average unemployment claims rose by 10k taking the number to 188k ( 178k last month).
ADP employment report was 247k new jobs which was below expectations & was a big drop from last months 479k.
ISM services PMI had a sharp drop from 54 last month to 49.5 this month indicating at a contraction in the service sector.
ISM manufacturing PMI was 50.9 this month compared to last months 56.3 ( 5% drop!).
4 weeks average unemployment claims rose by 10k taking the number to 188k ( 178k last month).
ADP employment report was 247k new jobs which was below expectations & was a big drop from last months 479k.
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let 12 years of experience do the job for you, join the winning team!
t.me/FXSJGOLD
instagram: fxsjgold
Trading made stress free..
