forex.pm forex forum binary options trade - Forex - analysis.hotforex.comEvents to Look Out For Next Week
  • Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

analysis.hotforex.comEvents to Look Out For Next Week

Started by analysis.hotforex.com, forexegitimkitabi.com, binaryoptiontrader.info, Jan 29, 2023, 03:02 pm

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

analysis.hotforex.com, forexegitimkitabi.com, binaryoptiontrader.info

Events to Look Out For Next Week












  • Event of the Week - Non-Farm Payrolls (USD, GMT 13:30) - A  170k January nonfarm payroll increase is anitcipated, after gains of 223k in December and 256k in November. Annual revisions should raise the level of payrolls through last March by an estimated 462k, though payroll growth is slowing into 2023. A tightening in claims into January implies some upside payroll risk. The jobless rate should tick up to 3.6% from the 3.5% cycle-low that was also seen in September. Hours-worked are assumed to rise 0.1% after a -0.1% December dip, while the workweek holds at 34.3 for a third month. Average hourly earnings are assumed to rise 0.4% after a 0.3% gain in December, while the y/y wage gain should slow to 4.6% from 4.8%. In the last expansion, we saw a 3.5% peak for y/y wage gains in both February and July of 2019, before the pandemic-boost to an 8.0% peak in April of 2020. The ensuing strength in wage gains has allowed continued robust y/y increases in 2022, though the return of low-paid workers to the workforce is likely restraining wage increases.

  • ISM Non-Manufacturing PMI  (USD, GMT 15:00) - The ISM-NMI index should bounce to 50.5 from a 3-year low of 49.6 in December, versus an all-time high of 68.4 in November of 2021, an 11-year low of 41.8 in April of 2020, and an all-time low of 37.8 in November 2008. We’re seeing a 14-month producer sentiment pull-back from robust peaks in November of 2021, with many of the various component categories now in contraction territory.


Click here to access our Economic Calendar


Andria Pichidi


Market Analyst


Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.


Source: Events to Look Out For Next Week