Key Trading Highlights For Augusty 1

Key Trading Highlights

10:00 am GMT – Retail Sales (MoM)

Why traders care? Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR. Forecast = -0.1%, Previous = 0.6%

13:30 pm GMT – U.S. Unemployment Rate

Why traders care? The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. Forecast = 8.2%, Previous = 8.2%

13:30 pm GMT – U.S. Nonfarm Payrolls

Why traders care? Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Forecast = 100K, Previous = 80K

15:00 pm GMT – ISM Non-Manufacturing Index

Why traders care? The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI) rates the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories. On the index, a level above 50 indicates expansion; below indicates contraction. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Forecast = 52.0, Previous = 52.1

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