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- U.S. Non-Farm Payrolls (NFP) to Climb 185K in March, Unemployment Rate to Downtick to Annualized 4.0% from 4.1%.

- Average Hourly Earnings to Increase to 2.7% per Annum from 2.6% in February. Will the Federal Open Market Committee (FOMC) Endorse Four Rate-Hikes for 2018?

Trading the News: U.S. Non-Farm Payrolls (NFP)

DailyFX Calendar

A 185K expansion in U.S. Non-Farm Payrolls (NFP) accompanied by signs of faster wage growth may keep EUR/USD[1] under pressure as it encourages the Federal Open Market Committee (FOMC) to implement higher borrowing-costs over the coming months.

A further improvement in labor market dynamics may encourage the FOMC[2] to deliver four rate-hikes for 2018 as ‘the Committee expects that economic conditions will evolve in a manner that will warrant further gradual increases in the federal funds rate,’ and Chairman Jerome Powell and Co. may show a greater willingness to extend the hiking-cycle as the economy nears full-employment.

However, a batch of lackluster developments may produce headwinds for the greenback as it drags on interest-rate expectations, with EUR/USD at risk for a rebound as it preserves the March range.

Impact that the U.S. NFP report has had on EUR/USD during the previous print

Period

Data Released

Estimate

Actual

Pips Change

(1 Hour post event )

Pips Change

(End of Day post event)

FEB

2018

03/09/2018 13:30:00 GMT

185K

313K

+17

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