Trade ideas for August 2-6
What events to follow and how to trade during the week of July 2-6?
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. |
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