The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
How Will USD React to NonFarm Payrolls?
Information is not investment advice
What will happen?
NonFarm Payrolls data will be announced at 15:30 MT (GMT+2) on Friday, December 3.
This is vital economic data released shortly after the month ends. Job creation is an important leading indicator of consumer spending, which accounts for most of the overall economic activity.
Last time the result overperformed the expectations, but EUR/USD rose, as the risk of an earlier tapering decreased.
How to trade on NonFarm Payrolls?
- If the US NonFarm Payrolls is greater than forecast, the USD is likely to strengthen against other currencies.
- If the US NonFarm Payrolls is lower than forecast, the USD is likely to weaken against other currencies.
Instruments to trade: USD/CAD, USD/CHF, GBP/USD
The United States Bureau of Economic Analysis will release monthly Personal Consumption Expenditures (PCE) on April 29, 15:30 GMT+3.
United States Bureau of Economic Analysis will release Gross Domestic Product (Advance GDP) on April 28, 15:30 GMT+3.
The governor of the Bank of England, Andrew Bailey, will hold a speech on June 29 at 15:30 MT time (GMT+3).
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.