Another NFP to send the markets into an uproar. Now, personally I think the actual payroll number in itself is a farce. A monkey might as well pull a random number out of a hat. However, it is significant to us traders as a catalyst. I always like to prepare the graphs such as the one above to see a correlation between increase or decrease in the temp workers and the NFP number. Now previous correlation is by no means an indication of future results. So take these charts with a grain of salt. Its just a pleasing visual.
With that being said, I do believe the markets in themselves provide clues or footprints of what will occur in the future. In the other words, if we look carefully in the past two weeks price action, we can see what the markets anticipate for todays NFP number.
Regardless of what the actual number is, the markets are telling the the Dollar will strengthen across the board currencies like the EUR, JPY, AUD will weaken. So expect an NFP number that will be stronger than anticipated.