The United States will publish ISM manufacturing PMI on April 1, at 17:00 MT time.
The market awaits NFP
Information is not investment advice
The level of non-farm payrolls (NFP), also known as non-farm employment change will be published on September 6, at 15:30 MT time.
NFP shows the change in the number of employed people during the previous month (without farmers). The indicator is followed by the releases of average hourly earnings and unemployment rate. All of them are important as the Fed usually take them into account while considering its future rate decisions. Moreover, the US dollar tends to get volatile after the release. Last time, non-farm payrolls came out in line with the forecast of 164 thousand. At the same time, the level of average hourly earnings beat the estimates with an increase by +0.3%, but unemployment rate disappointed with a rise to 3.7%. The USD was supported in a short term, but bulls could not hold their positions. This time we may see a different outcome.
• If NFP is higher than the forecasts, the USD will rise;
• If NFP is lower than the forecasts, the USD will fall.
Canada will publish the monthly GDP growth on Tuesday, at 15:30 MT time.
The British pound has increased in value over the course of the past week in line with an ongoing improvement in investor sentiment.
The country has come through the worst and is recovering now.
Moody’s downgraded the country to ‘junk’ status on Friday.
The US economy has been hit hard by the coronavirus outbreak.