Following Wednesday's surprisingly bullish employment figures
from the ADP report, the market witnessed some heavy volatility in
favor of the US dollar. With today's Non-Farm Payroll (
) expected to show similar positive growth, we could see another
rally in the greenback later today.
Here is a roundup of today's leading events:
12:00 GMT: CAD - Employment Change and Unemployment Rate
- Prior to the release of the American employment change
reports, Canada is due to release similar figures regarding the
number of jobs gained over the previous month and the correlated
national unemployment rate. Canada's employment change report is
forecast to show growth in its job market, but the national
unemployment rate is expected to increase.
13:30 GMT: USD - Non-Farm Employment Change (
- The most impactful employment report released each month is
the US Non-Farm Payrolls (
) figures. This represents the number of jobs added or lost during
the previous month and is a leading indicator of economic growth in
the world's largest economy. As mentioned above, Wednesday's ADP
report measuring employment change in the private sector showed
significant growth well above forecasts. If today's release comes
in line with ADP's bullish forecast then the USD could see
significant growth later in the day.