By Johnny Accary – Ph.D student in Economics
All the investors are focused on the NFP and the Unemployment Rate reports today espacially after the big NFP report last January and the less than expected Unemployment rate – the highest since 1956.
Historically, the adding job reports for january and febuary got the same direction. That’s mean we might have the same scenario as last month with an higher expected NFP (more than 300k) and a negative Unemployment Report as per 3.3% and it will have a positive impact on the DXY and the stocks.
Alternative scenario : if we will have a less than expected NFP, we might see the unemployment rate between 3.4% and 3.5% and will affect negatively the dollar index and the stocks.
These reports will give us a prediction about the next Intrest Rate Hike as per a rise of 50 bps expected.
