
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The NFP is one of the leading indicators of employment that represents the economic activity of the USA. Additionally to it, the average hourly earnings and the unemployment rate are released at the same time. The whole NFP event usually grabs traders' attention and thus creates big moves!
Last time, both the NFP and the average hourly earnings fell short of analysts’ expectations except the unemployment rate, which was better than expected. As a result, USD/JPY briefly jumped but then dropped sharply by over 1000 points! Those traders who opened the short positions with one standard lot just after the release and placed Stop Loss at the previous high of 113.635 could have earned nearly $850!
Open the economic calendar a few days before the release and check the forecast. If it is significantly higher than the previous figures, the USD can start rising before the event, and vice versa. Then, wait for the actual results to come out. Here is the general rule.
Instruments to trade: all the major pairs and XAU/USD
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!