First NFP in 2022 Can Rock the Markets
The US will reveal Non-farm payrolls on January 7, Friday, at 15:30 GMT+2 (MetaTrader time).
USD: all attention to Manufacturing PMI
USD: all attention to Manufacturing PMI
Instruments to trade: EUR/USD, USD/JPY, USD/CHF
US ISM Manufacturing PMI will be out on January 4 at 17:00 MT time. What is it? Purchasing managers' index or PMI is an indicator based on the survey of purchasing managers in the manufacturing industry. Well, what does it show? Businesses' attitudes to the current market situation. If the indicator is higher than 50, it demonstrates the expansion of an industry, while an indicator below 50 signals a contraction. For instance, the PMI fell to 57.5 in November from a two-year high of 59.3 reached in October. How the market will react? It depends on whether the real numbers exceed expectations or not.
- If the actual PMI data is higher than the forecasts, the USD will strengthen.
- If the actual PMI data is lower than the forecasts, the USD will weaken.
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Big Event for USD: Retail Sales
The US will publish the Retail Sales on January 14, Friday, at 15:30 GMT+2.
US Producer Price Index Will Impact USD
The US will reveal the Producer Price Index (PPI) on January 13, Thursday, at 15:30 GMT+2.
Latest news
Is European Economy Healthy Enough?
Germany will release the flash Purchasing Managers' Index (PMI) for manufacturing and services industries at 10:30 GMT+2 on January 24.
ZEW Sentiment Will Help the Euro
Leibniz Centre for European Economic Research (ZEW) will release an economic sentiment index for Germany on January 18, 12:00 GMT+2
Pound Can Outperform the Market
Great Britain's office for national statistics will release CPI data on January 19, 09:00 GMT+2.
