Quadruple witching is gone and now there are no reasons for the market to hinder. From banks statements and economic data to gas storage reading and Fed’s Powell speech – get ready for active trading.
How will the NFP affect the USD?
The Non-Farm Payrolls are out at 15:30 MT time on December 6.
The October Non-Farm payrolls rose by 128K against the expected 89K. That boosted the USD against the related currencies. However, it also marked a decline in the level of employment as the previous indicators were within the range of 165-180K since July this year. Reports say the economic outlook is gradually improving, in line with the US-China slow but steady progress. We will see if that impression is supported by the NFP release this Friday, in line with the average hourly earnings and the unemployment rate. If it is, the USD will rise again.
- If the NFP outperforms the forecasts, the USD will rise;
- If the NFP does not exceed the forecasts, the USD will fall.
The US showed strong retail sales for August despite the spread of the Delta virus strain. As a result, the US dollar rocketed and gold dropped by 2286 points in half an hour after the release.
The United States will release MoM Retail Sales data on September 16, 15:30 GMT+3.
A selloff in stocks stopped. S&P 500 has reversed up from the 100-day moving average. It should be the perfect time to buy the index.
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
The FOMC, a committee within the Federal Reserve, will hold an important meeting and press conference on September 22 at 21:00 MT time (GMT+3).