Crucial Readings for British Pound
Bank of England will release data on quantitative easing, monetary policy, and bank rates on November 4, 14:00 GMT+2.
NFP: an opportunity for the USD?
The level of non-farm payrolls, also known as non-farm employment change or NFP is expected at 15:30 MT time on October 4.
The indicator represents the change in the number of employed people during the previous month without farmers. Traders pay huge attention to it, as it makes the US dollar highly volatile after the release. Also, we recommend you not to underestimate the unemployment rate and the level of average hourly earnings. These indicators are released at the same time as the non-farm payrolls and they tend to affect the USD as well. The previous release of jobs data disappointed the market. Despite a higher-than-expected level of average hourly earnings (0.4% vs. %0.3 expected), the level of NFP declined by 130 thousand jobs. It resulted in mixed trading of the USD. This time it may lead to a different outcome.
• If the NFP is higher than the expectations, the USD will rise;
• If the NFP is lower than the expectations, the USD will fall.
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United States Purchasing Managers’ Index Will Move The Dollar
United States Institute for Supply Management (ISM) will release services Purchasing Managers' Index (PMI) on October 5, 17:00 GMT+3.
Manufacturing Data May Shake the USD
The United States will publish the ISM Manufacturing PMI on September 1, at 17:00 MT time (GMT+3).
Latest news
The Euro Awaits Indicator of Consumer Confidence
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
The FOMC Brings New Insights for the USD
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.
Will PMIs Trigger Fresh Highs in the USD?
The United States will publish Flash Manufacturing and Services PMIs on Tuesday at 16:45 GMT+2.
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