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US unemployment claims and GDP will be released on August 27 at 15:30 MT time!
Instruments to trade: EUR/USD; USD/JPY; GBP/USD; USD/CAD
The combination of two US significant releases at one time will make the market really volatile! Unemployment claims reveal the amount of people, who filed for jobless benefits during the previous week. The gross domestic product shows an annualized change in the value of all goods and services produced by the economy. This report is delivered every quarter, but in the annualized format: the quarterly change is multiplied by 4. There are 3 types of GDP: advance, preliminary, and final. The advance one is the earliest and thus tends to have the biggest impact. However, this week is not so eventful, that’s why traders will pay closer attention to this report. Notably, the advanced GDP contracted by 32.9% and marked the largest decline ever. Indeed, the coronavirus ruined many business and factories. The recovery will depend on the government’s ability to contain the virus spread.
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2.
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.
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