Traders Alert – Important News Announcements Today!!

NON-FARM PAYROL IS OUT TODAY – traders are to be warned that these results tend to have a major impact on the markets and it is best to emjoy the long weekend by ensuring that you do not trade over this time – 13.30GMT.

NFP measures the change in the number of employed people during the previous month, excluding the farming industry.  This is vital economic data released shortly after the month ends. The combination of importance and earliness makes for hefty market impacts.  We care about this as traders because job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.  If the result comes out greater than forecasted – it will be good for the USD.

Another news announcement out this morning at 9.30am GMT is PPI Input for the GBP.  This measures the change in the price of goods and raw materials purchased by manufacturers. We care about this as traders as it’s a leading indicator of consumer inflation – when manufacturers pay more for goods the higher costs are usually passed on to the consumer.  If the result comes out greater than expected, it will be good for the currency pair.

Take care trading this morning and ensure that you take a long weekend – it is safer to be out of the market this afternoon then run the chance of heart failure if the pairs start flying all over the place.