Tomorrow, on the first Friday of the first month of the new year, the attention of traders will be directed to a fresh package of US fundamental data on the labor market. NonFarm Payrolls Last data: 155K Consensus forecast: 177K We expect that the data for December, in the context of general pessimism in the market, in terms of employment in the non-agricultural sector of the United States will show about 177 thousand new jobs. Despite the fact that the stock market is more or less recovering, the level of employment will most likely not...
Here are the key factors to keep in mind today for US Dollar trades: US ADP Employment Change: The US ADP Employment Change for December is predicted at 180K. Forex traders can compare this to the US ADP Employment Change for November which was reported at 179K. US Initial Jobless Claims and Continuing Claims: US Initial Jobless Claims for the week of December 29th are predicted at 220K and US Continuing Claims for the week of December 22nd are predicted at 1,689K. Forex traders can compare this to US Initial Jobless Claims for the week of...
Here are the key factors to keep in mind today for Euro trades: Italian Markit/ADACI Manufacturing PMI: The Italian Markit/ADACI Manufacturing PMI for December is predicted at 48.4. Forex traders can compare this to the Italian Markit/ADACI Manufacturing PMI for November which was reported at 48.6. French Markit Manufacturing PMI: The Final French Markit Manufacturing PMI for December is predicted at 49.7. Forex traders can compare this to the previous French Markit Manufacturing PMI for December which was reported at 49.7. German Markit/...
Here are the key factors to keep in mind this week for Bitcoin trades: Bitcoin ETF: The first approved Bitcoin ETF is scheduled to launch in 2019. The SEC, the US regulator, may approve the VanEck/Solid X application which is expected to drive a buying frenzy into Bitcoin. David Reischer, Attorney and CEO of LegalAdvice.com, noted that “As an attorney involved in the Bitcoin space the most significant factor to affect Bitcoin price, in the long run, is the proposed Bitcoin ETF. If the SEC approves an ETF for Bitcoin in 2019, specifically...
Here are the key factors to keep in mind today for Australian Dollar trades: Australian Private Sector Credit: Australian Private Sector Credit for November increased by 0.3% monthly and by 4.4% annualized. Economists predicted an increase of 0.3% monthly and of 4.4% annualized. Forex traders can compare this to Australian Private Sector Credit for October which increased by 0.4% monthly and by 4.6% annualized. Chinese PMI: The Chinese Non-Manufacturing PMI for December was reported at 53.8 and the Chinese Manufacturing PMI at 49.4....
