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Non-Farm Payrolls is released today at 13.30 GMT and has the reputation of being one of the most important data sets worldwide on the Currency markets.

Aside from being an integral data set (Amount of Employees working in non Agricultural businesses), it is often released significantly differently to that is expected. This is because the data is collated very early and thus early predicitions can often prove inaccurate. The last few Non-Farm Payroll data sets have triggered particularly volatility for the next hour or so after the release and I wouldn’t expect this month to be any different.

In fact whispers across the industry suggest that the data may show a massive increase on Novemember’s figure, and as December has an influx of seasonal employment I certainly wouldn’t be surprised with a huge increase. If you have any Dollar requirement keep a very close eye on this data set, and if you are looking at purchasing Dollars it may be wise to do so this morning, rather than waiting for the afternoon.