How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3 Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…
NFP is coming!
What will happen?
Non-farm payrolls, the most awaited economic report, will be out on March 5 at 15:30 MT time. The last time, NFP fell short of analysts’ expectations: 49 000 jobs were added in January versus the forecasted 50 000. That was a small gain as the US economy still needs 10 million jobs to offset the pandemic losses. Apart from that, the NFP serves as a base for the future rate decision by the Fed. The high level of the indicator increases the possibility of more rate hikes in future (bullish for the USD), on the other hand, the decline in the NFP figures raises concerns about the economic slowdown and reduces the number of projected rate hikes by the Fed (bearish for the USD).
How to trade on NFP?
NFP can be named the most significant release for all traders as most of the time this indicator makes the market extremely volatile. Pay attention that NFP comes out in combination with average hourly earnings and unemployment rate.
- If all the three indicators come out better than the forecasts, the USD will rise.
- If all the indicators are worse than the forecasts, the USD will drop.
- If NFP comes better, but earnings – worse, the USD will spike at first, but it will fall with the second wave.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.