The risk sentiment gets better as Chinese data improves
The recent Chinese figures bring optimism
US Nonfarm Payrolls
US nonfarm payrolls are one of the most important economic indicators. A change in the number of employed people affects the consumer spending volume and as a result, expresses the economic health. That’s why the market always pays a high attention to this data.
The US labor market figure will be out at 15:30 MT time on August 3. Notice that it is not the only release that will come out at this time. It will be accompanied by the publication of Average Hourly Earnings and Unemployment Rate. As for average earnings, the higher is its growth, the better for the USD. The situation is opposite to the unemployment rate. The USD strengthens when the unemployment rate declines.
The feature of the indicator is that it’s very difficult to forecast the actual data. As a result, NFP always causes high volatility in the market.
• If the data is greater than the forecast, the USD will rise.
• If the data is weaker than the forecast, the USD will go down.
Check the economic calendar
Similar
ZAR and TRY: central banks bring the action
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.
USD/CHF and EUR/CHF dropped: what do the banks say?
On Wednesday, January 15, USD/CHF fell to the minimal level since September 2018. The pair declined after the United States put Switzerland on the watch list as a currency manipulator.
Latest news
ALPHABET: the league of giants
You are still in doubt whether it makes sense to trade stocks? Watch this.
The risk sentiment gets better as Chinese data improves
The recent Chinese figures bring optimism
ZAR and TRY: central banks bring the action
On Thursday, January 16 two central banks: the Reserve bank of South Africa and the Turkish Central Bank will make their interest rate decisions.
Deposit with your local payment systems
