The Most Important News For Today
Here is the digest with the most interesting news for today
NFP will shake the US dollar
Information is not investment advice
What will happen?
The United States will publish Non farm payrolls on February 4, at 15:30 GMT+2. It is an indicator which presents a change in the number of employed people during the previous month, excluding the farming industry.
Why is it important?
Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. The combination of importance and earliness impacts markets significantly.
Last time the actual numbers were lower-than-expected, as the result EUR/USD gained 500 points in 4 hours.
How to trade on Non farm payrolls?
Compare the actual figures with the forecasts in the economic calendar.
- If the actual figures are higher than the forecast, the USD will strengthen;
- If the actual figures are lower than the forecast, the USD will weaken.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
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