Non-farm payrolls: ‘it’s going to be ugly’ but will it move the markets?
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In this week’s episode, we are looking ahead the Friday’s US jobs data release for April. The ADP private payrolls released on Wednesday showed that over 20 million jobs left the US economy, the worst number in the history of the report. The non-farm payrolls are expected as bad, with the unemployment rate at 16%. But how important is this to the markets?

We are joined by DailyFX's strategist Nick Cawley, who says these numbers will be set in history books, and will never be beaten in a positive or negative way. Nevertheless, the markets have priced in the disaster. Nick also gives his outlook for the US dollar, with some levels to watch.

Any opinions, news, research, analysis or other information does not constitute investment advice.

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