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2012/05/31

US Non-Farm Payroll Report Due Tomorrow

 
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The US Non Farm Payroll Report will be released on Friday, June 1st. The unemployment rate will also be released at the same time.

 Analysts are anticipating the report to show 150,000 jobs added in May. The unemployment rate is expected to remain at 8.1%.

This highly anticipated report may support data showing signs of economic weakness for the US. On Thursday, the Commerce Department reported the US gross domestic product (GDP) grew at an annual rate of 1.9% for the first quarter rather than 2.2% as originally reported in April. 

What kind of effect will tomorrow's report have within the Forex market? Will the US dollar gain or weaken against other currencies? And most importantly, will you be able to spot any potential trading opportunities? 

Forex education could be the tool you need to prepare and take advantage of possible market volatility surrounding the release of fundamental announcements such as the US Non-Farm Payroll report.  Learn more about how Forex education could make a difference in your Forex trading during an upcoming webinar: 


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