Last week was very interesting for the markets, as we saw the releases of the US Inflation and Disney’s earnings report. So let's see what we should await this week!
The US weekly labor data is out!
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
The unemployment claims registered in the US have been going flat for the last two weeks. 881K in the first week and 884K in the second week of September indicate that the labor market has finally withstood the blow of the virus and is now going through the stabilization phase. As it is unlikely that the numbers will rise, the question is how fast they will fall. This question eventually will affect the pace of recovery: the sooner the numbers drop, the faster the recovery will go. Observers expect to see some 850K initial jobless claims. USD may be pushed to the upside or downside depending on whether the actual data will outperform or underperform against this expectation.
- If the jobs data is better-than-thought, the USD will rise.
- Otherwise, it will fall.
The volatility that the markets experienced last week promises the second tidal wave! What should your favorite assets anticipate during the first week of February?
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
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.