By Jonathan Watson

Today we have the US Non – Farms Payroll, a measure of the number of people on the payrolls of non – agricultural businesses in the US. The actual data release measures the change and the figures can be very volatile, since the prediction is often way off the actual number due to the difficulties in compiling accurate figures.

I would expect today to be no different and the anticipated reduction in the figure from -131k to -105k should swing the market.

Sometimes when data releases are positive for the dollar we actually see the dollar weaken. This is because the US economy is seen as a marker for the global economy and if it is performing well, investors are encouraged to put their money into more risky assets.

Considering the volatility and fear still in the market and the release of such an important data release, we could well see some interesting activity today.

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