Two Central Banks Will Grab Traders’ Attention
The central banks' meetings will highlight the week as well as the PPI release
US Nonfarm Payrolls
| Nonfarm payrolls or NFP is a monthly change in the number of employed people. It is the significant indicator of business health and, as a result, the whole economic activity in the United States. That is why traders pay high attention to it. The US dollar needs additional rate hikes this year, so a positive reading of the indicator will increase chances of the Federal Reserve raising interest rates. Look at an economic calendar at 15:30 MT time on May 4. If the data is positive, the US dollar will rise. |
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China Stocks are About to Jump
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
