FOREX: What Should We Expect from NFPs and Is It Tradable?

Even under normal circumstances, the US nonfarm payrolls (NFP) report is the most consistent market-moving economic indicator. Yet, we seem to be diverting sharply from ordinary with the upcoming release of the December statistics. Since Wednesday, speculation surrounding the week-end employment data has ramped up to dangerous levels. The catalyst for this interest was the blow-out ADP private payrolls figure for the same period. It should be noted though that this particular indicator has proven itself to be a poor benchmark for the government reading.