The European central bank will conduct its press conference on January 24 at 15:30 MT time.
Time to trade on NFP
US nonfarm payrolls (NFP) will be released at 15:30 MT time on September 7.
Billions of traders wait for the release of NFP every month. The indicator will show how many jobs were created in the US in August. The US Department of Labor will also publish unemployment rate and average hourly earnings. The Federal Reserve is closely monitoring these figures while making its monetary policy decisions. As a result, the release has a great impact on the US dollar in all currency pairs.
The last time, NFP came out at 157K versus the forecast of 191K but average earnings showed good growth of 0.3% and the unemployment rate declined from 4% to 3.9%. Traders focused on NFP, and the USD declined against the JPY, the GBP, the AUD, and other currencies.
• If the NFP indicator is bigger than expected, the USD will gain.
• If the NFP indicator is smaller than expected, the USD will fall.
In December, American home sales slipped to their lowest value for three years…
UK employees’ pay surge reached another 10-year maximum and employment rallied by much more than anticipated for the three months to the end of November due to the fact that the UK labor market was still firm notwithstanding other signs of an economic…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…