Now traders follow the economic events with new vision as inflation in the US seems like decreasing. Let’s see what releases will influence the market due to that factor.
Weekly Update on Employment: Focus on the USD
Information is not investment advice
What will happen?
The United States will release the weekly Unemployment Claims on Thursday, at 15:30 MT time (GMT+3). This indicator shows the number of individuals who filed for unemployment insurance for the first time during the previous week. This release provides the freshest insight into the situation in the US labor market. Based on its change, traders may suggest the level of the next non-farm payrolls.
How to trade on the US Unemployment Claims?
Traders need to focus on the data in the economic calendar. After the figures are published, they need to compare them with analysts’ consensus.
- If the unemployment claims are lower than the forecasts, the USD will be pushed up;
- If the unemployment claims are higher than expected, the US dollar will be pressed.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
The week will have the biggest event in the US political process over the last two years. How will the elections affect the Forex market? We covered the most important news of this week in this report.
As Europe moves into recession, next week may provide us with some amazing trading opportunities. Here they are!
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…