As every first Friday of the month we will get a look at the all-important NFP report out of the US. January disappointed heavily while February surprised to the upside so let’s see what March will deliver so we have a better look into the US labor market for the first-quarter (which may not be clear until after May’s NFP report given the standard revisions for the previous two reports).
Expectations call for 195,000 new jobs, but I think that may be a bit too optimistic. I think we may see something closer to 150,000 while the unemployment rate could remain where it is at 6.7%. As always with economic reports you can only take an educated guess until the report is actually released and you should either ignore the hype or have your trade set-ups in place prior to the release (at least if you are a retail trader).