5 Main events for the Forex Market This Week
- NFP Day
Non-farm Payrolls (NFPs) refers to US labor market report. The news release at 8:30 EDT is a strong market –mover. To be a little bit expert on how the data will fare, it is wise to go through NFP Preview on Thursday. It is likely that NFPs may fall negative the fifth consecutive month, but if NFPs rises, there might be a chance for the US dollar to recover dramatically.
We should also keep our eyes out for another labor market report: the Canadian net change in employment at 7:00 EDT. This data is also a strong market-mover for the Canadian dollar. Last month, the net employment change improved and led the USD/CAD pair to tumble down right after the news. Traders should be ready to expect volatility this time around.
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