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)…
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.
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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.