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will the USD jump or fall after today's NFP?

The NFP report is coming - here's what you need to know.

The end of the Obama economy era is here.

The Labor Department will publish the December jobs report on Friday, at 13:30 GMT - It's the final jobs report to come while President Obama is still in office.

Economists forecast that America added 172,000 jobs in December.

That would be almost in line with 182,200 monthly jobs created on average during the rest of 2016.

The unemployment rate is expected to tick up a bit to 4.7% from 4.6% in November, which was the lowest level since August 2007.

More broadly, it marks the end of the president's tenure overseeing America's economy.

Since Obama took office in 2009, the economy has added over 11 million jobs. The president, however, often touts that America has added 15 million jobs during his time. That is true if you discount the job losses during the recession and start counting jobs that have been added since February 2010.

Still, it's a marked improvement since U.S. unemployment reached a peak of 10% in October 2009. December should also mark the 75th consecutive months of job gains in the United States.

Moreover, the report is set to have a great effect on the global financial markets.

A strong report generally comes with a big rise in the USD, while a disappointing one could send the Dollar down against other major currencies.

Be sure to follow this announcement, and talk to us on the chat to maximize your trading results.

 

 

 

 

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