Trader’s calendar on January 9-10: US Fed has no choices: USD set to develop Job Cuts
In anticipation of one of the crucial reports on the US economy, the US dollar index maintained its recent gains above 108.5 on Wednesday. Apparently, the healthy economy has left Federal Reserve policymakers with no choice regarding the policy decision in January.
This means the US dollar is set to extend its strength across the board. The decisive factor in this situation lies with the monthly US nonfarm payrolls. The official data for December will be released on Friday.
Ahead of such a high-impact report, markets typically refrain from risky bets. However, this does not mean that currencies will not react to other incoming data.
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00:00 INTRO
00:56 AVERAGE WAGE GROWTH
01:29 EXPORT SHARE IN TRADE BALANCE
02:06 INDUSTRIAL PRODUCTION GROWTH
02:42 RETAIL SALES
03:15 JOB CUTS
03:44 9 JANUARY
04:01 EMPLOYMENT
04:31 NONFARM PAYROLLS
05:18 CONSUMER SENTIMENT (UNIVERSITY OF MICHIGAN)