NFP results: USD/JPY up, gold down
Today's NFP brought us some strong data - how did Forex react?
Economic calendar: news for the GBP
Do you know that services sector accounts for 80% of the UK economy? British economy gets a lot from financial, IT and professional services. As a result, the country’s services index is even more important than its manufacturing index.
The UK services PMI will be out at 11:30 MT time on July 4. PMI stands for Purchasing Managers’ Index. It shows whether managers of British companies are optimistic or pessimistic about the future. A reading above 50.0 indicates industry expansion, while a reading below 50 indicates contraction. Traders also compare the actual index with its previous and forecast levels.
The difference between the forecast and the actual figure sets the currency market in motion. Many traders will open positions in GBP/USD and EUR/GBP after the release.
• If the data is greater than the forecast, the GBP will rise.
• If the data is weaker than the forecast, the GBP will go down.
Similar
NFP forecasts from 10 major banks
Today is the big day! Investors are waiting for NFP at 15:30 MT time.
Main market news on June 5
EUR skyrocketed after the ECB statement ,stocks keep rallying, gold froze ahead of NFP
Latest news
NFP results: USD/JPY up, gold down
Today's NFP brought us some strong data - how did Forex react?
NFP forecasts from 10 major banks
Today is the big day! Investors are waiting for NFP at 15:30 MT time.
Main market news on June 5
EUR skyrocketed after the ECB statement ,stocks keep rallying, gold froze ahead of NFP
Deposit with your local payment systems
