It’s the first ‘big day’ of the year in a year that feels much longer than 9-days already.The non-farm payrolls report is due at the bottom of the hour along with the Canadian jobs report. Before the report is released, read Preview: December non-farm payrolls by the numbers. Finally past the shutdown fogThe consensus is 60K jobs with a 4.5% unemployment rate. The jobs report is always a roll of the dice but the preview outlines why I think risks are skewed towards a higher number.The Canadian number is always volatile and the prior was +53.6K so there’s likely to be a pullback. The consensus is -5K.Both of those events may only see a limited market reaction as traders hold their breath for 10 am ET, when the Supreme Court might release its tariff decision.See:The Supreme Court scheduled Friday as an ‘opinion day’. What’s the tradeHow the White House will pivot if the Supreme Court strikes down current tariffs
This article was written by Adam Button at investinglive.com.
đź’ˇ DMK Insight
Today’s non-farm payrolls report is a major market mover, and here’s why traders need to pay attention: With the U.S. jobs data set to drop shortly, volatility is likely to spike across forex and crypto markets. Historically, strong payrolls can lead to a bullish dollar, impacting pairs like EUR/USD and USD/JPY. Conversely, weak numbers could trigger a sell-off in the dollar, benefiting commodities and risk assets. Traders should monitor the consensus estimate closely—any deviation could lead to sharp price movements. Also, keep an eye on the Canadian jobs report, as it could influence CAD pairs significantly. The real story is that these reports often set the tone for the week ahead, especially with the Fed’s next meeting looming. If payrolls come in above expectations, it could reinforce the hawkish sentiment around interest rates, leading to a stronger dollar and potential declines in equities. Conversely, a miss could spark a risk-on rally, so be prepared for rapid shifts in sentiment. Watch for key levels around recent highs and lows in major currency pairs, and consider setting alerts to catch any breakout trades.
đź“® Takeaway
Keep a close eye on today’s non-farm payrolls and Canadian jobs data; deviations from estimates could trigger significant market moves in the dollar and related assets.





