Canada’s retail sales will be out on October 21 at 15:30 MT time. Get ready with us for this event!
How will the NFP affect the USD?
The Non-Farm Payrolls are out at 15:30 MT time on December 6.
The October Non-Farm payrolls rose by 128K against the expected 89K. That boosted the USD against the related currencies. However, it also marked a decline in the level of employment as the previous indicators were within the range of 165-180K since July this year. Reports say the economic outlook is gradually improving, in line with the US-China slow but steady progress. We will see if that impression is supported by the NFP release this Friday, in line with the average hourly earnings and the unemployment rate. If it is, the USD will rise again.
- If the NFP outperforms the forecasts, the USD will rise;
- If the NFP does not exceed the forecasts, the USD will fall.
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.
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?