Online Forex broker
There are many economic indicators. Some can be ignored, some can be traded and some are so well-known among traders that they should be definitely taken into account no matter what you plan to do.
US Nonfarm Payrolls or NFP for short is one of such indicators. The secret of its high market impact is that it’s very difficult to forecast, so the actual reading usually significantly differs from the forecast level. Traders often get surprised with NFP, and the US dollar comes in motion.
NFP will be released at 15:30 MT time on July 6. Notice that it is not the only release that will come out at this time. It will be accompanied by the publication of Average Hourly Earnings and Unemployment Rate. As for average earnings, the higher is its growth, the better for the USD. The situation is opposite to the unemployment rate. The USD strengthens when the unemployment rate declines.
• If the data is better than the forecast, the USD will go up.
• If the data is worse than the forecast, the USD will go down.
Pay attention to the FOMC meeting, where the rate cut is expected. Also, it is recommended to keep an eye on the oil prices, updates on trade talks between the USD and China and, of course, Brexit.
The retail sales for the US in focus today
The USA will publish the level of retail sales and core retail sales on September 13, at 15:30 MT time.
Pay attention to the FOMC meeting, where the rate cut is expected. Also, it is recommended to keep an eye on the oil prices, updates on trade talks between the USD and China and, of course, Brexit.
The retail sales for the US in focus today
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
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.
|
