The US unemployment claims are out on Thursday at 15:30 MT time.
Instruments to trade: EUR/USD, GBP/USD, AUD/USD, USD/CAD
The labor market is what makes the American economy robust and gives it endurance and prosperity. Keeping the hand on the pulse of the employment dynamics in the US gives you the right direction in drawing correct fundamental perception of the American economy and make projections on the long-term horizons for the USD. The initial jobless claims announced weekly in the US affect the Forex market quite intensely, so watch this indicator: if there is any sign that the mild recovery curve is distorted, it will press on the greenback; otherwise, healthy figures above the forecast will make it rise.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!
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