
The British monthly GDP is announced on Friday at 09:00 MT time.
The report will be out on Tuesday at 17:00 MT time!
Instruments to trade: EUR/USD; USD/JPY; GBP/USD; USD/CAD
The US CB consumer confidence simply shows how much money people intend to spend these days buying goods and services. The more people consume – the more products are sold. As a result, an economy prospers. Obviously, people are going to buy less and save more amid the coronavirus pandemic, especially now when the second virus wave has engulfed most of the US states. The market reaction depends on whether actual numbers exceed expectations or not. It is so good that traders have an opportunity to open both buy and sell positions. October’s report revealed that people were going to spend less than analysts expected, that’s why the USD dropped. Remember the rules below and follow the release!
The British monthly GDP is announced on Friday at 09:00 MT time.
The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.
The US unemployment claims are out on Thursday at 15:30 MT time.
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.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.
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.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
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.