Manufacturing Data May Shake the USD
The United States will publish the ISM Manufacturing PMI on September 1, at 17:00 MT time (GMT+3).
The US jobless claims!
The US unemployment claims are announced on Thursday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
Since the second week of October, the number of initial jobless claims has never exceeded 800K in the US. The average values have been revolving around the channel of 750-780K throughout the latest weeks. On a large scale, there is a clear recovery path that the US labor market has been gradually following since the record peak of unemployed people in April. However, this is not what may move the USD in the short term: the market expectation is. Therefore, what you have to look for is whether the market will be “amused or not amused” with the actual number of initial jobless claims as compared to the expectation. If it is better than the forecast, the USD will get stronger. If not, the dollar may soften.
- If the data is better-than-thought, the USD will be boosted.
- Otherwise, it will fall.
Similar
Will There Be Any Changes in US Monetary Policy?
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
How Will USD React to US Consumer Confidence?
What will happen? US consumer confidence will be announced at 5:00 MT (GMT+3) on Tuesday, July 27…
Latest news
Stock Market Recovers, Fed Meeting Is Eyed
A selloff in stocks stopped. S&P 500 has reversed up from the 100-day moving average. It should be the perfect time to buy the index.
Where is Dogecoin?
Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
Key Market Driver: FOMC Statement
The FOMC, a committee within the Federal Reserve, will hold an important meeting and press conference on September 22 at 21:00 MT time (GMT+3).
Deposit with your local payment systems
