
The US NFP report will come out on January 8 at 15:30 MT time.
In July, new orders for American products declined a bit more than anticipated, suppressed by dismal demand for aircraft, although indications of a pickup in business spending hinted that the manufacturing sector was still firm.
Factory goods orders headed south by 0.8%. June’s data was updated a bit downwards to demonstrate factory orders soaring by 0.6% instead of the previously posted 0.7% slump.
Market experts interviewed by Reuters had predicted factory orders diving by 0.6% in July. On a year-on-year basis, orders rallied by 8.3% in July.
Notwithstanding the sink in factory orders in July, manufacturing, accounting for nearly 12% of the American economy, is still firm. Additionally, released on Tuesday an Institute for Supply Management poll of manufacturers disclosed that factory activity speeded up to more than a 14-year maximum in August.
However, there’re fears that a worsening trade conflict between China and America could affect business confidence as well as undercut capital spending. Moreover, a firm greenback and also worker shortages are demonstrating momentum in the manufacturing sector.
Orders for transportation equipment went down by 5.2%, suppressed by a 35.4% dip in the volatile orders for civilian aircraft as well as parts. As for orders for defense aircraft and also parts, they sank by 34.4% in July. Additionally, in June, transportation orders rallied by 2%.
In July, orders for cars managed to surge. There were jumps in orders for primary metals, computers, electronic products, and machinery. As for orders for fabricated metal products, they dipped. The same is true for appliances, components, electronic equipment.
According to the Commerce Department, July orders for non-defense capital products without aircraft, traditionally considered to a gauge of business spending plans, surged by 1.6% versus a 1.4% leap recorded in June. In June, orders for these core capital products jumped by 0.8%.
The US NFP report will come out on January 8 at 15:30 MT time.
FOMC Meeting Minutes will be released on January 6 at 21:00 MT time.
USD: all attention to Manufacturing PMI Instruments to trade: EUR/USD, USD/JPY, USD/CHF US ISM Manufacturing PMI will be out on January 4 at 17:00 MT time…
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted
Manager will call your number
Next callback request for this phone number
will be available in {time}
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.