Expectations for February’s Nonfarm Payrolls, published on Friday, March 5, at 13:30 GMT are low and could be too low. In that case, the dollar has room to rise, according to FXStreet’s Analyst Yohay Elam. Key quotes “Economists have been too optimistic on Nonfarm Payrolls figures in the past three months, including December’s loss of jobs. As the NFP is notoriously hard to estimate, perhaps those surveyed will now err on the side of caution and are lowering their initial forecasts, resulting in 182,000 seen on the calendar.” “The dollar has room to rise in case of a figure that only meets estimates with 182,000. A surge of over 250,000 would already serve as a bigger booster. Markets would assume that quick hiring even before the reopening means a rapid return to normality.” “With expectations realistically lower than 182,000, a meager increase of fewer than 100,000 jobs would serve to push the greenback lower. It would vindicate the Fed’s cautious approach and imply lower rates and more bond-buying for longer.” “Anything between 100,000 to around 150,000 could be seen as within estimates.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China oil demand growth accelerates amid swift factory rebound – Bloomberg FX Street 1 year Expectations for February's Nonfarm Payrolls, published on Friday, March 5, at 13:30 GMT are low and could be too low. In that case, the dollar has room to rise, according to FXStreet's Analyst Yohay Elam. Key quotes "Economists have been too optimistic on Nonfarm Payrolls figures in the past three months, including December's loss of jobs. As the NFP is notoriously hard to estimate, perhaps those surveyed will now err on the side of caution and are lowering their initial forecasts, resulting in 182,000 seen on the calendar." "The dollar has room to rise in case of a figure that… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
