Let's consider the key events for this week's trading
Trade the USD on an important release
The United States will release the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT time on December 7.
The NFP is considered the leading indicator of consumer spending, which represents the economic activity of the country. Last time the indicator came out higher than expected, which resulted in rise of the USD. If it happens again, the USD will be supported.
• If the NFP is higher than expected, the USD will rise.
• If the NFP is lower than expected, the USD will fall.
There were no major moves during the Asian trading session, however we have some events today, which may affect the sentiment in the market.
The risk sentiment remains under pressure after the comments by China about the countermeasures against the US tariffs. Thus, the AUD/USD and the USD/JPY pairs will be under our attention.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.