PREPARED FOR THE NFP REPORT?
✦ Forex and stock traders are expectant ahead of Friday’s nonfarm payrolls (NFP) report for January, which is scheduled for 13:30 GMT, with a projected gain in nonfarm payrolls of 170,000 (following a prior reading of 156,000). Unemployment rate is expected to remain unchanged at 4.7%.
✦ Keep an eye on these figures on Friday, as they will influence the strength of the EUR/USD (Euro to US dollar) and other dollar exchange rates, as well as US-based stock indices, gold and silver.
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