First NFP in 2022 Can Rock the Markets
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The US retail sales are out!
US Core monthly retails sales will be announced on Friday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
If everything is good, people have money. If they have money, they buy things. If they buy things, companies make good sales and get money as well. More money from companies – more invested back into the economy. This is one of the circles of how the money goes around the economy participants, but everything starts with people buying things. Since May, retail sales have been going down in the US. The last indicator was 0.6% - less than the expected 1%. Obviously, the market takes that as a disappointment and presses on the US dollar. If the same happens this week, the US dollar will see less ground to expand – again.
- If the monthly sales are higher than though, the USD will rise.
- Otherwise, it will get weaker.
Similar
Big Event for USD: Retail Sales
The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2.
US Producer Price Index Will Impact USD
The US will reveal the Producer Price Index (PPI) on January 13, Thursday, at 15:30 GMT+2.
Latest news
Is European Economy Healthy Enough?
Germany will release the flash Purchasing Managers' Index (PMI) for manufacturing and services industries at 10:30 GMT+2 on January 24.
ZEW Sentiment Will Help the Euro
Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2
Pound Can Outperform the Market
Great Britain's office for national statistics will release CPI data on January 19, 09:00 GMT+2.
