Weather Warning: NFP May Be Delayed

Economic data reports in the U.S., including the closely-watched employment report for February, will probably be released with small delays as inclement weather delays the opening of government agencies.

Besides the monthly employment and earnings report from the Bureau of Labor Statistics, the Bureau of Commerce is scheduled to release the trade balance for January Friday at 8:30am EST. The two-hour delayed opening means the lockups normally held to give access to the press ahead of the releases are canceled.

The government agencies have said in the past that under such circumstances they will make every effort to publish the reports on their websites. That means the data will come out shortly after the 8:30 a.m. scheduled release.

The Federal Reserve is due to publish its report on consumer credit in January at 3pm; this should not be affected by the weather issues.

Bloomberg

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell