Weekly US employment: a chance for the USD
The United States will release the weekly Unemployment Claims on October 21, at 15:30 MT time (GMT+3).
NFP results: USD/JPY up, gold down
The US labor statistics just reported: Nonfarm Payrolls are 2.5M against -7.5M expected and -20.5M in April; Unemployment Rate is 13.3% against 19% expected and 14.7% in April; Average Weekly Hours are 34.7 against the 34.3 in the previous month. Apparently, the street is sunny again!
As a direct reaction to this news, the USD/JPY immediately went up above 109.00 now having the March highs as the closest target. On the other side, gold was sent down to face April lows ahead in the downside. An interesting layout - make your trades on this optimistic report and watch out for correction!
Similar
Gold Skyrocketed, USD Dropped. What Drives The Market Today?
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.
High-Impactful Event for Forex: US Retail Sales
US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
Latest news
What will move the market on October 25-29?
Last week was full of surprises! Stock indices have shown significant growth…
Will USD Stop Falling Today? Market Wrap
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
Major Event Alert: Canadian Retail Sales
Canada will publish the Retail Sales and Core Retail Sales on October 22, at 15:30 MT time (GMT+3).
Deposit with your local payment systems
