The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2.
The USD Awaits Key Jobs Data
What will happen?
The United States will publish the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT (GMT+3) time on August 6.
The NFP is considered one of the leading indicators of employment that represents the economic activity of the country. Additionally to this measure, you need to pay attention to the level of average hourly earnings and the unemployment rate released at the same time as NFP. Last time, the indicator significantly outperformed the forecasts (850K vs 725K expected). At the same time, the unemployment rate rose to 5.9%, above the forecast of 5.6%. These figures made the USD turbulent.
How to trade on the Non-Farm Payrolls?
Follow the economic calendar and compare the actual figures with the consensus given.
- If NFP and the average hourly earnings are higher and the unemployment rate – lower than the forecasts, the USD will rise;
- If the situation is different, the USD will fall.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
The United States will publish the Initial Jobless Claims on Thursday, December 30, at 15:30 GMT+2 (MetaTrader time).
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
The United States will publish the ISM Non-Manufacturing PMI on Thursday, January 6, at 17:00 GMT+2 (MetaTrader time).