Get the most important economic events for the majors in your inbox every Sunday – subscribe to ‚Market critical information‘.
Friday, 8th May: 15:30 GMT+3
Non-Farm Employment Change (Apr)
FORECAST: -22M | PREVIOUS: -701k
A historic US jobs report coming up, with potential to cause some nervousness in markets depending on how far the actual number diverges from the already astounding 22M jobs lost estimate.
The employment change indicator shows the number of jobs created/lost, and this April’s reading was taken in the midst of the shelter-in-place orders in most states due to Covid-19.
- FX CFDs: USD currency pairs.
- Index CFDs: US500Index (S&P 500), USTECHIndex (Nasdaq 100), US30Index (Dow Jones).
This is a high volatility event. Assess your risk tolerance thoroughly if trading at this time. Increased volatility is known to cause limited liquidity and widened spreads.
Stop Loss / Take Profit orders
Markets move too fast to rely on market orders for an optimal exit.
Learn how to use SL/TP
Expected economic events data, including forecasts, are provided for general reference only. The provided information is not investment advice, nor is it an investment recommendation or an offer to undertake any kind of transaction.
Should you have any questions, please do not hesitate to contact us.