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6th Dec 2019. 11.43am

Regency View:

US Non-Farm Payrolls Preview

US non-farm payroll numbers hit our screens at 1.30pm today, here’s the consensus forecast:

Payrolls are predicted to rise 180,000 in November following October’s 128,000 increase.

The unemployment rate is expected to be unchanged at 3.6%. The US labour force participation rate is forecast to stay at 63.3% and average weekly hours are forecast to remain at 34.4.

If we look at the US dollar index (below) we can see the the greenback has experienced a strong sell-off during the last two sessions. The market is closer to key structural support than key resistance.

Non-farms typically lead to a spike in short-term volatility so we’ll be watching from the sidelines this afternoon with a view to stepping in when a high probability trade setup presents itself.

US Dollar Index Daily Candle Chart

US Dollar Index Daily Candle Chart


This research is prepared for general information only and should not be construed as any form of investment advice.