The US dollar continues to hold its recent gains as markets gear up for November’s Nonfarm Payrolls (NFP) report. After an unclear rise of 12,000 in October, this report is expected to not only bring new US job data back to higher levels but also set the tone for the labor market in 2024.
Moreover, this will be the last NFP report in 2024, making it crucial for assessing the Federal Reserve’s rate outlook. As a result, markets are paying close attention to all interim data related to US employment.
On Thursday, December 5, two such reports will be released. Let us explore how these and other macroeconomic statistics might affect Forex trading.
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00:00 INTRO
00:51 TRADE BALANCE
01:15 FACTORY ORDERS
01:50 CONSTRUCTION PMI
02:25 CONSTRUCTION PMI
02:59 RETAIL SALES
03:22 CHALLENGER JOB CUTS
04:10 TRADE BALANCE
04:37 MANUFACTURING PMI
04:52 INITIAL JOBLESS CLAIMS
05:26 OPEC MEETING
06:08 5 DECEMBER