Non Farm Payrolls may surprise today. Since expectations are low, at -530,000, a better than expected figure is quite possible. Forex traders and economists expect a total fall of 1.5 million jobs in 3 months. Such a figure will be terrible news, yet again, for Americans. There are job cut announces everywhere. But did they already happen? So, was January really been so bad? I believe that actual job cuts have been as bad as the news about future job cuts. The future is of course near: Unemployment Claims this week were very disappointing, at 626,000, much worse than 585,000 that was expected. To strengthen my argument, I look at the ADP Non-Farm Employment Change. I’ve said in the past, that this figure should be always be taken with a grain of salt. It doesn’t always make a good prediction for NFP. But still, the last figure, for January, showed a fall of 522,000, less than 528,000. The more interesting pointer to take from ADP, is the change from the previous month. In December, ADP showed a whopping fall of 659,000, and now it relaxed to 522,000. This is by no means a good figure, but it shows a slowdown in the deterioration of the American job market. So, I believe that Non Farm Payrolls for January 2009 will be better than expected, lower than half a million job losses. But of course, this is only my prediction. For a deep analysis of today’s NFP, I recommend reading Kathy Lien’s piece. We’ll soon see what the actual figure is. By the way, a good figure might not be good for the dollar, as in crisis days like these, a good figure may cause risk appetite, and send forex traders to take their chances on other currencies – not on the dollar. Update 13:35 GMT: Apparently, I was totally wrong – NFP fell by 598,000, worse than expectations, especially mine! Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next USD/CAD Leaps on Terrbile Employment Data in Canada Yohay Elam 13 years Non Farm Payrolls may surprise today. Since expectations are low, at -530,000, a better than expected figure is quite possible. Forex traders and economists expect a total fall of 1.5 million jobs in 3 months. Such a figure will be terrible news, yet again, for Americans. There are job cut announces everywhere. But did they already happen? So, was January really been so bad? I believe that actual job cuts have been as bad as the news about future job cuts. The future is of course near: Unemployment Claims this week were very disappointing, at 626,000, much worse than… 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.