Last week, there were sharp swings in USDJPY, a decline in oil prices, and a surge in Tesla stock. What's next?
US Nonfarm Payrolls
|The US usually releases labor market data on the first Friday of a month. This time this tradition won’t change. America will publish Nonfarm Payrolls (NFP), unemployment rate and average earnings at 15:30 MT time on February 2.|
|This may be a great chance to trade the greenback as the currency will likely move with great swings. Traders will buy on strong data from the US and sell if American figures disappoint.|
Geopolitical factors and inflation remain the main drivers of financial markets. Let’s see how to use that in trading!
Last week was super intense! Geopolitical turbulence made the Russian ruble the most volatile currency. Gold rose and fell by more than 8000 points each time.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.