The most impactful releases of this week will fill the market with volatility and sharp movements. Be ready to take action!
NFP will shake the US dollar
What will happen?
The United States will publish Non farm payrolls on February 4, at 15:30 GMT+2. It is an indicator which presents a change in the number of employed people during the previous month, excluding the farming industry.
Why is it important?
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. The combination of importance and earliness impacts markets significantly.
Last time the actual numbers were lower-than-expected, as the result EUR/USD gained 500 points in 4 hours.
How to trade on Non farm payrolls?
Compare the actual figures with the forecasts in the economic calendar.
- If the actual figures are higher than the forecast, the USD will strengthen;
- If the actual figures are lower than the forecast, the USD will weaken.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!