US unemployment data and the USD
The United States will publish the Initial Jobless Claims on Thursday, December 30, at 15:30 GMT+2 (MetaTrader time).
It’s NFP time again
The United States will publish the non-farm employment change, also known as non-farm employment change or NFP at 15:30 MT time on March 6.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
The indicator represents the change in the number of employed people during the previous month excluding the farming industry. Traders pay huge attention to it, as it makes the US dollar highly volatile after the release. It’s worth mentioning that it comes out at the same time with the level of average hourly earnings and the unemployment rate. The previous release contained mixed data. While NFP showed an increase of 225K jobs (vs. the forecast of 163K), average hourly earnings came out lower than analysts’ expectations (0.2% vs. 0.3% expected). At the same time, the unemployment rate reached 3.6% (vs. the forecast of 3.5%). As a result, the reaction of the USD was limited.
• If the NFP and average hourly earnings are higher and the unemployment rate is lower than the forecasts, the USD will rise;
• If the NFP and average hourly earnings are lower and the unemployment rate is higher than the forecasts, the USD will fall.
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An index that will rock USD
The United States will publish the ISM Non-Manufacturing PMI on Thursday, January 6, at 17:00 GMT+2 (MetaTrader time).
News from US central bank
The Federal Reserve (FOMC), US central bank, will publish its December meeting minutes on Wednesday, January 5, at 21:00 GMT+2 (MetaTrader time).
Latest news
Is European Economy Healthy Enough?
Germany will release the flash Purchasing Managers' Index (PMI) for manufacturing and services industries at 10:30 GMT+2 on January 24.
ZEW Sentiment Will Help the Euro
Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2
Pound Can Outperform the Market
Great Britain's office for national statistics will release CPI data on January 19, 09:00 GMT+2.
