US Retail Sales will be out on October 15 at 15:30 MetaTrader time (GMT+3).
Will the USD grow with the US labor market?
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.
- If the figures exceed expectations, that may push the USD.
- If the labor market underperforms, the USD may go down.
The crypto market keeps recovering. Bitcoin has broken above $57,000. The way up to $60,000 is open now!
The US Inflation Rate (CPI) will be announced on Wednesday, October 13, at 15:30 MT (GMT+3). Traders eagerly await this event as it will impact the USD and thus the vast majority of currency pairs in the Forex market.
Great Britain will publish the Inflation Rate on October 20, at 09:00 MT time (GMT+3).
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
The Fed is ready to start tapering in November. Since the markets were expecting this and it wasn’t a surprise, the USD slumped allowing risk-on currencies and gold to rally up.