Non Farm Payroll Report Out Tomorrow & Support and Resistance Levels 11.04.2021
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
Dear Futures Trader,
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NFP – Non Farm Payroll report out tomorrow at 5:30 AM ( lucky us on the west coast….) or 8:30 AM Eastern time.
This is probably the most watched market report each month and a market mover across the board!
Do your homework, be ready and if in doubt, stay out….
Source Bureau of Labor Statistics
) Measures Change in the number of employed people during the previous month, excluding the farming industry; Usual Effect’ Actual’ greater than ‘Forecast’ is good for currency;
Frequency Released monthly, usually on the first Friday after the month ends; Next Release Dec 3, 2021
FF Notes This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts;
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity;
Also Called Non-Farm Payrolls, NFP, Employment Change;
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