The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.
US jobless claims are coming out
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
US jobless claims are released every week. They reveal the number of people who lost their jobs and filed for benefits during the previous week. Million Americans are coming back to work after the coronavirus lockdown, but for nearly 13 million unemployment has become permanent. However, the situation is getting better. If we look at the graph below, we will notice that fewer and fewer people are asking for jobless benefits after a huge spike in April, but the numbers are still considerably higher than the pre-pandemic levels. Democrats and Republicans continue discussing the new fiscal stimulus package. They have already agreed on $1 200 stimulus checks for households, but Trump prolonged talks until after the election. Keep an eye on the release and follow the rules below.
- If jobless claims turn out better than expected, the USD will rise.
- If claims are worse – the USD will fall.
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.
This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!
The central banks' meetings will highlight the week as well as the PPI release
Good Friday, traders! The markets are frozen ahead of today's NFP release at 15:30 GMT+2…
The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?