Last week was not full of events, but we still saw decent moves in the charts of majors, S&P500, NASDAQ, oil, and crypto. The upcoming week will bring even more volatility to your favorite assets!
US Nonfarm Payrolls
|When we talk about the most important economic indicators, one of the first that comes to our mind is the US nonfarm payrolls, also known as NFP. Job creation is a leading indicator of consumer spending, which accounts for the majority of the overall economic activity. The data is out every month, and this time it will be released at 15:30 MT time on April 6. If actual figure is greater than the forecast one, the greenback will have chances to strengthen. Note that the United States will also release the unemployment rate and average hourly earnings.|
The US will release the Philly Fed Manufacturing Index – the impactful event for the USD and thus for all the major pairs. It will be out on November 18 at 15:30 MT (GMT+2).
Hong Kong’s HK 50 index rose and the Chinese yuan edged up as traders assess the outcome of the first virtual meeting between US President Joe Biden and Chinese leader Xi Jinping.
ISM Manufacturing PMI will be announced at 17:00 MT (GMT+2) on Wednesday, December 1.
The Eurozone will publish the Indicator of GfK Consumer Confidence on November 25, at 09:00 GMT+2.
The United States will publish the Federal Open Market Committee Meeting Minutes on November 24, at 21:00 GMT+2.