Market alert - Will the NFP report show a strong rebound?
- Market expectations point to a very strong NFP report for March
- 9.5 million jobs are still lacking compared to the pre-pandemic situation
- Vaccinations and reopening of the economy should positively affect recovery of the labour market
- EURUSD, US2000 are two key markets to watch
The publication of the most important data of the week – the NFP report will take place on Good Friday, despite the fact that many markets are closed. However, the Wall Street session will take place. The currency market and cryptocurrency CFDs also work normally. The commodity market for the most part will be closed.
Vaccines and lifting restrictions
Biden lived up to his promise in terms of vaccinating nearly a third of the US population. Vaccinations increase public sentiment and significantly reduce the number of new COVID-19 cases, leading to a faster recovery. Texas, for example, lifts almost all restrictions, and people reappear in bars, restaurants and cinemas, which increases employment in these sectors.