Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
The NFP will affect the greenback
The United States will release the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT time on July 5. NFP is considered one of the leading indicators of employment, which represents the economic activity of the country. Last time the indicator came out lower than the forecasts (75K vs 177K expected). These figures made the USD plunge. If the situation is different this time, the greenback will be supported.
• If the NFP is higher than expected, the USD will rise.
• If the NFP is lower than expected, the USD will fall.
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Have a look at the key financial instruments on Monday, February 28. Geopolitics is currently on all news frontlines. Western nations escalated sanctions on Russia for the invasion of Ukraine.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.