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

Get

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

72.12% 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.

Important events this week will bring us

Important events this week will bring us

Information is not investment advice

How does the year begin for Australian consumers?

Westpac Consumer Sentiment will be announced at 01:30 MT time on Wednesday (Tuesday, 23:30 GMT). This indicator shows the overall economic activity status in the country through polling more than 1000 households and obtaining their feedback on past and future economic conditions. The December release was at -1.9; if this week’s indicator comes higher than forecast, it will mean an improved economic outlook.

Jobs data will be released at 02:30 MT time (00:30 GMT) on Thursday. Almost 40K jobs added referring to November were much more than what the market expected, for December analysts look for 11.2K new jobs. If the actual figure outperforms the forecast again, the AUD will be supported.

BOC takes the word

The Canadian interest rate will be announced at 17:00 MT (15:00 GMT) on Wednesday. No change is expected to the current level of 1.75%, so the main focus will be at the BOC’s press conference following at 18:15 MT (16:15 GMT). If there are dovish notes, CAD may be under pressure down.

How long quantitative easing will continue?

ECB’s press conference will be at 15:30 MT time (13:30 GMT) on Thursday, after the interest rate announcement at 14:45 MT time (12:45 GMT) the same day. Also, a separate speech by the ECB president Christine Lagarde is scheduled at 11:30 MT time (09:30 GMT) on Friday. As there is no change foreseen for the rate itself, the audience will wait for the hints in the speech of the ECB President, particularly to outline the quantitative easing that the policymakers have been pressing on. Continuation of this line drives the EUR down.

The Brexit year begins for the British economy

The British PMI will be released at 11:30 MT time (09:30 GMT) on Friday. While the ECB President is unveiling the economic outlook for the Eurozone, the GBP will receive something to move on. The forecast referring to the month of December is slightly higher than the figures of the previous release for both the manufacturing and service sectors. If the results outperform what the market expects on Friday, the GBP will receive a boost.

Lastly

Using these events, you may trade AUD/USD and USD/CAD, referring to the Australian and Canadian indicators, and EUR/GBP within the context of the announcements from the UK and European economic authorities. However, other pairs with the mentioned currencies will be affected as well. That's why we welcome you to follow the news with FBS and see particular trade ideas offered daily. 

                                                                                                      LOG IN

 

Similar

Popular

Choose your payment system

Feel the Team Spirit

Callback

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