Forex Top Team

Release of US employment statistics during the Easter holidays

After this, overseas markets are likely to be quiet due to the Easter holidays. The US, UK, Europe, Hong Kong and Oceania markets are closed for Good Friday (shortened US bond markets). Liquidity will be extremely low.

Under such circumstances, the US employment statistics for March will be announced. The unemployment rate is expected to remain the same as last time at 3.6%. Non-agricultural sector employment is expected to increase by 230,000 to 240,000, a slight decrease from the previous increase of 311,000. Average hourly wages, which are of great interest to the market due to their impact on inflation, are expected to slow down to +4.3% from the previous year of +4.6%.

If the results are within the expected range, we can expect a dollar selling reaction in line with this week’s trend. However, the number of non-farm payrolls has often failed to meet market expectations, and results are awaited. Due to the Easter holidays, market participants are limited and liquidity is low, so it should be noted that prices are likely to jump. It is expected that the reaction will be short-lived.

(Source: Minkabu)

It depends on the results of the US employment statistics, but it is possible that the price will move significantly in light of today’s business conditions, so be careful.

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