On Friday May 3rd, at 13:30pm U.K. time, the latest series of NFP jobs data will be published. The key headline figure, which is listed as a high impact event on economic calendars, is the metric indicating the amount of “non farm payroll jobs”, created in the previous month of April. Traditionally, barring bank holidays, […]
After whipsawing in a tight range versus several of its peers on Wednesday evening, during the period between the FOMC rate hold announcement and the conference held by Jerome Powell, the Fed chair, the U.S. dollar consolidated its position during the Sydney and Asian trading sessions. By 7:30am U.K. time on Thursday morning, the dollar
On Friday May 3rd, at 13:30pm U.K. time, the latest NFP jobs data will be published. In the same week as the NFP data is published, the latest ADP payrolls data is usually released on the preceding Wednesday. On Wednesday May 1st, the ADP data came in at 275k for April, ahead of the Reuters
On Thursday May 2nd, at 12:00pm U.K. time, the MPC, Monetary Policy Committee of the U.K. central bank, the Bank of England, will announce its decision regarding the U.K. economy’s base interest rate. The rate is currently 0.75%, it’s risen twice since the BoE lowered the rate to a record low of 0.25% in June
After experiencing several sessions of losses, USD registered marginal gains versus several peers, during the Asian and early part of the London-European sessions. At 7:45am U.K. time the DXY traded up 0.06%, rising further above the 97.00 handle at 97.53. USD/JPY traded up 0.12%, oscillating close to the daily pivot point, displaying a daily, price
During the Easter holiday and the two week recess for U.K. parliament, the volume of sterling trading dropped significantly. As MPs trudged back to Westminster last week, currency pairs such as GBP/USD continued to trade in narrow ranges, as the lack of progress with regards to Brexit, gave no reason for large traders to alter
