The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Big day for USD
Information is not investment advice
The US NFP will be published on August 7 at 15:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
Needless to say, the NFP is the most important economic indicator for all traders. It’s a widely awaited event because it creates the huge market volatility. Therefore, traders have a quite rare opportunity to see really enormous price movements. Non-farm payrolls reveal a change in the number of employed people during the previous month, excluding the farming industry. The employment slumped by a total of 22.2 million in April and March. Indeed, the USA was suffering from the worst time of the coronavirus pandemic. These days the labor market is gradually bouncing back, but it will take a lot of time to reach a full recovery. Moreover, the number of new virus cases in the country is still increasing at the record pace. That’s why it’s almost impossible to predict what the NFP will be this time. Catch the market movement!
- If the NFP is better than expected, the USD will surge.
- If the NFP is worse than expected, the USD will fall.
The Bank of Canada will publish a rate statement and an update on the interest rate on September 9, at 17:00 MT time.
The US dollar has started the week on the positive footing, while riskier assets are dipping down. Let’s discuss last market movements in more details.
Follow Canadian core retail sales on September 18 at 15:30 MT time!
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!