Forex Top Team

U.S. employment statistics for July

The US employment statistics for July will be announced. Most forecasts for the unemployment rate were 3.6%, and most forecasts for the number of nonfarm payrolls were up 250,000, with the unemployment rate unchanged from 3.6% The number is expected to slow from the previous month’s 372,000 increase. Nonfarm payroll growth has outperformed expectations for the last three months. The July U.S. employment report could also see the dollar buying if growth in non-farm payrolls exceeds expectations.

(Source: Minkabu)

It is assumed that the USD will move significantly depending on the results. If it exceeds expectations, buy USD. If it falls below, sell USD.

I’m thinking about following the movement after this, but this depends on the price movement.

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