Upcoming US Non Farm Payroll Friday - Jim Wyckoff

It's that time of the month again! Please be advised that the US Non-Farm Payrolls are being released Friday, June 6 at 8:30 AM.

Historically, this is the most "market-moving" economic data released each month. As a result there may be periods of extreme volatility shortly before and after the release. This volatility may bring periods of illiquidity in the market which may make it difficult to enter and exit the market at desired prices. Please keep this in mind when you are making your trading decisions.

Fireworks For Gold? Table Set For Disappointing Non-farm?

 

 

 

Jim Wyckoff speaks of the US ADP jobs numbers, which were lower than expected. What could this mean for Friday's non-farm payrolls? "The ADP numbers recently have been fairly accurate," Wyckoff says. "So, this slightly weaker than expected ADP report on Wednesday does set the table for some potential disappointment...on Friday." Looking over to Europe, Wyckoff says he expects the European Central Bank to announce some sort of stimulus measure for the region but he doesn't see this moving the market too much. "I think the most important element this week is going to be how the Euro currency and how the US dollar index react to Thursday's ECB meeting announcement."