On this Friday, the attention of the Forex market participants will be directed to a fresh package of fundamental data on the labor market of the United States. NonFarm Payrolls Last data: 304K Consensus forecast: 185K We expect a rather impressive decline in the number of people employed in the US non-farm sector - 185K after 304K of the previous figure. It is impossible to call this an excellent forecast, and at the same time it is not necessary to take these figures as the beginning of a negative trend on this indicator. We tend to give...
Here are the key factors to keep in mind today for Euro trades: Eurozone Employment: Final Eurozone Employment for the fourth-quarter increased by 0.3% quarterly and by 1.2% annualized. Forex traders can compare this to previous Eurozone Employment for the fourth-quarter which increased by 0.3% quarterly and by 1.2% annualized. Eurozone GDP: Eurozone Final GDP for the fourth-quarter is predicted to increase by 0.2% quarterly and by 1.2% annualized. Forex traders can compare this to the previous Eurozone GDP for the fourth-quarter which...
Here are the key factors to keep in mind today for US Dollar trades: US ADP Employment Change: The US ADP Employment Change for February is predicted at 190K. Forex traders can compare this to the US ADP Employment Change for January which was reported at 213K. US Trade Balance: The US Trade Balance for December is predicted at -$57.8B. Forex traders can compare this to the US Trade Balance for November which was reported at -$49.3B. US Federal Reserve Beige Book: Forex traders will look forward to this report which covers all twelve...
Here are the key factors to keep in mind today for Euro trades: Italian Services PMI and Composite PMI: The Italian Markit Services PMI for February is predicted at 49.5. Forex traders can compare this to the Italian Markit Services PMI for January which was reported at 49.7. The Italian Markit Composite PMI for February is predicted at 48.6. Forex traders can compare this to the Italian Markit Composite PMI for January which was reported at 48.8. French Services PMI and Composite PMI: The Final French Markit Services PMI for February is...
Here are the key factors to keep in mind today for Australian Dollar trades: Australian AiG Performance of Services Index: The Australian AiG Performance of Services Index for February was reported at 44.5. Forex traders can compare this to the Australian AiG Performance of Services Index for January which was reported at 44.3. Australian CBA Services PMI and CBA Composite PMI: The Final Australian CBA Services PMI for February was reported at 48.7. Forex traders can compare this to the previous Australian CBA Services PMI for January...
