Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store


Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

69.21% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Focus on Banks' Meeting and NFP

Focus on Banks' Meeting and NFP

Information is not investment advice

RBA Interest Rate Decision

March 7, 05:30 GMT+2.

The Reserve Bank of Australia will publish the monetary policy statement and announce the interest rate on March 7 at 05:30 GMT+2.

The rate is expected at 3.6% level (+35 basis points). According to the RBA rate tracker the probability of increasing the rate by 35 points is 75%. The inflation in Australia is quite high (at 7.4% level) while the yield curve is still not inverted. It is also vital that the US Fed will probably continue monetary tightening. The US takes 11% of the Australian import for 2022. Australia is a net importer. It means that it’s quite unprofitable for the country to devaluate its currency against the US dollar. We may expect that RBA will continue to hike the rate.

  • The AUD will strengthen if the bank makes a bigger-than-expected rate hike or hints at more tightening.
  • Otherwise, the AUD will go lower.

Instruments to trade: AUDUSD, AUDJPY, AUDCHF.

BOC Interest Rate Decision

March 8, 17:00 GMT+2.

The Bank of Canada will make the monetary policy decision, which includes an update on interest rates on March 8 at 17:00 GMT+2.

Last time, the rate was hiked by 25 points till 4.5%. Canada has one of the highest key rate levels among the developed economies. On the other hand, the inflation in Canada was at 5.9% in January - lower than in other countries. Core CPI in January was lower than expected (+5.9% against the forecast 6.1%). As a result, the market waits for BOC to pause and not change the rate. Meanwhile, Canada’s labor market situation is slightly worse than in the US. The unemployment rate in January reached the July 2022 level (+5%). The CAD reaction depends on verbal interventions.

  • If the bank doesn’t give a hint about further tightening – CAD will fall.
  • Otherwise, the CAD will go higher.

Instruments to trade: USDCAD, CADJPY, EURCAD.

US Unemployment Rate

March 10, 15:30 GMT+2.

The US Bureau of Labor Statistics will release the Unemployment Rate and the Nonfarm Payrolls data on March 10 at 15:30 GMT+2. These are the percentage of unemployed people in the US and the number of people employed during the previous month excluding the farming industry.

Last time, the unemployment rate was released at its historical low +3.4%. Economists expected +3.6%. The lower the rate – the stronger the labor market. It gives the US Fed room for further monetary tightening. In February, economists expect that the unemployment rate will be +3.5%. This is quite reasonable, considering the rising of the Initial Jobless Claims for the previous month.

  • If the release is better than the forecasts (less than 3.5%), the USD will rise.
  • If the release is weaker than the forecasts (more than 3.5%), the USD will fall.

Instruments to trade: EURUSD, USDCAD, USDJPY




Choose your payment system


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later