The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
The US weekly labor data is out!
Information is not investment advice
US Initial jobless claims will be announced on Thursday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
The unemployment claims registered in the US have been going flat for the last two weeks. 881K in the first week and 884K in the second week of September indicate that the labor market has finally withstood the blow of the virus and is now going through the stabilization phase. As it is unlikely that the numbers will rise, the question is how fast they will fall. This question eventually will affect the pace of recovery: the sooner the numbers drop, the faster the recovery will go. Observers expect to see some 850K initial jobless claims. USD may be pushed to the upside or downside depending on whether the actual data will outperform or underperform against this expectation.
- If the jobs data is better-than-thought, the USD will rise.
- Otherwise, it 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.
Three main drivers of the market: the stimulus package, the US presidential election and the coronavirus. Let's look how market reacts.
EU Flash Manufacturing & Services PMI will come out on Friday at 11:00 MT time!
The USA will publish unemployment claims on October 22 at 15:30 MT time. How to trade after the release?