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NFP Preview: How Could the Jobs Report Impact the US Election and the Fed?
NFP Key Points NFP report expectations: +108K jobs, +0.3% m/m earnings, unemployment at 4.1% Coming in the lead up to a tightly-contested Presidential election, this month’s jobs report could have an outsized impact on sentiment. DXY is overbought near multi-month highs - the technical outlook suggests elevated pullback potential if the jobs report is soft. When is the October NFP Report? The October NFP report will be released on Friday, November 1, at 8:30 ET. NFP Report Expectations Traders and economists expect the NFP report to show that the US created 108K net new jobs, with average hourly earnings rising ... (full story)