
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 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
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 volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2.
The US Institute for Supply Management will release ISM manufacturing PMI on July 1, 17:00 GMT+3.
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on June 30, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
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