The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
Get ready for the NFP excitement
There are many economic indicators. Some can be ignored, some can be traded and some are so well-known among traders that they should be definitely taken into account no matter what you plan to do.
US Nonfarm Payrolls or NFP for short is one of such indicators. The secret of its high market impact is that it’s very difficult to forecast, so the actual reading usually significantly differs from the forecast level. Traders often get surprised with NFP, and the US dollar comes in motion.
NFP will be released at 15:30 MT time on July 6. Notice that it is not the only release that will come out at this time. It will be accompanied by the publication of Average Hourly Earnings and Unemployment Rate. As for average earnings, the higher is its growth, the better for the USD. The situation is opposite to the unemployment rate. The USD strengthens when the unemployment rate declines.
• If the data is better than the forecast, the USD will go up.
• If the data is worse than the forecast, the USD will go down.
There’s a likelihood next month that Greece won’t receive up to 750 million euros, it’s expected to get under a debt relief deal with the EU concluded in 2018 because this European country has failed to complete a number of agreed reforms…
Next month, the European Central Bank is on the verge of reassessing the outlook for bank lending next month because there’s a likelihood that EU financial institutions could tighten credit supply and drive the current economic deceleration…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…