The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Traders await NFP
US Non-Farm Employment Change, also known as Nonfarm Payrolls or NFP, will be released on February 1 at 15:30 MT time.
The indicator shows how many jobs were created in the United States during the last month. It’s released together with the unemployment rate and the average hourly earnings indicators. All 3 of these indicators have a great impact on the USD.The last time, on January 4, NFP came out at 312K (higher, than the forecast of 179K), and wage growth accelerated to 0.4% (this is the change in average earnings index). Traders bought the US currency on the news, and the USD was supported.
• If the NFP is greater than expected, the USD will go up.
• If the NFP is weaker than expected, the USD will go down.
Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
The market is resilient ahead of the speeches of Fed’s Powell and ECB President Lagarde, but there are still interesting movements.
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
The US Department of Justice thinks 87% a market share is too much for Google alone. The market thinks it's ok.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!