The main focus of traders will be on US inflation at 15:30 GMT+3. Analysts expect the huge spike of the US inflation.
Non-Farm Payrolls are coming!
The US Non-Farm Payrolls will be announced on Friday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
The last Non-Farm Payrolls release was bad. The American labor market saw a 140K decline in the number of jobs against an expected 71K rise. The hit was aggravated by the very fact that it’s the first decline in the job dynamic since the beginning of the recovery that started roughly nine months ago. On the other hand, that cooled down the market expectations. The forecasters are now seeing the negative 200K as the most probable report this Friday. If the actual number is better than this, the dollar will likely leap. Otherwise, it may turn out to be a sad indication of a slowing down recovery in the US.
- If the Non-Farm Payrolls data is better-than-thought, the USD will get up.
- Otherwise, it will fall.
The United States will release the weekly Initial Jobless Claims on May 13, at 15:30 MT time
The United States will publish a monthly Inflation Rate and Core Inflation Rate on May 12, at 15:30 MT time.
What's moving markets on Friday? Read in the fresh report!
Elon Musk, Tesla’s founder and CEO, said the company wouldn’t accept Bitcoin as payment any longer. As a result, BTC/USD dropped to $45,300, the low unseen since March.
The USA will post Retail Sales and Core Retail Sales on May 14, at 15:30 MT time.