US non-farm payrolls is traditionally one of the most market moving pieces of data for currencies and equities but its impact depends on how the jobs report affects monetary policy. In the case of the Federal Reserve, they've made it clear that after lowering interest rates three times this year, further easing is unnecessary.
So if NFPs rise more than expected, it would validate their on hold stance and alternatively, if the numbers are weak, the central bank will still keep interest rates steady when they meet next week.
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Forecast according to this media:
- nasdaq 185,000
- reuters 180,000
- bloomberg 190,000
- cnbc 187,000