The US Labor Department will release its Employment Situation Report(January) commonly known as non-farm payrolls, today at 13:30 GMT. The nonfarm payrolls released by the US Department of Labor presents the number of new jobs created during the previous month, in all non-agricultural business.Non-farm payrolls are expected to rise by 166,000 in January following December’s burst of 312,000 new hires. Generally speaking, a high reading (above 312K, December Report) is seen as positive or bullish for the USD, while a low reading (below 155k, November Report) is seen as negative or bearish.