Indicator Background
Job creation is one of the most important leading indicators of overall economic activity. The release of US Non-Farm Employment Change is highly anticipated by the markets, and an unexpected reading could affect the direction of all USD pairs.
Non-Farm Employment Change dropped sharply from 195 thousand in July to just 162 thousand in August. This was well below the estimate of 184 thousand. The markets are expecting a substantial improvement in the upcoming release, with an estimate of 177 thousand. Will the indicator meet or beat this prediction?
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