Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
Trade the USD on the increasing volatility
The level of Non-farm employment change, also known as Non-farm payrolls or NFP will be released on January 4, at 15:30 MT time.
The NFP is the measure of employed people. The job creation is considered as the leading indicator of consumer spending, which represents the economic activity of the country. Every month traders pay attention to this indicator due to its high importance.
Last time the indicator came out lower than expected. As a result, the US dollar weakened. However, this month can lead to a different outcome.
• If the NFP is higher than expected, the USD will rise.
• If the NFP is lower than expected, the USD will fall.
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
The uncertainty over US fiscal stimulus and Brexit, and also rising new virus cases deteriorated the market mood. That’s why we can expect the further rally of the US dollar and the fall of riskier assets today.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
Netflix stock price falls 5% on Tuesday. Why? Read the news.
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?