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NFP: prepare to trade on the news
|NFP (US nonfarm payrolls) is an important indicator of consumer spending that accounts for the majority of overall economic activity. If there are more employed people, consumer spending will increase supporting the US economy. US labor market figures will be released at 15:30 MT time on June 1.|
|Average Hourly Earnings’ data will be out at the same time as NFP. Average Hourly Earnings is the earliest data related to labor inflation. A rise of the data means higher salaries and as a result greater spending.|
|The greenback is strongly recovering. The US dollar index has already reached highs of December 2017. For the further movement upwards it needs an additional support of the US Federal Reserve. The market anticipates two additional rate hikes this year. The Fed is anticipated to raise the interest rate at its June meeting. Encouraging economic data will increase chances of a rate hike.|
In March, Japan's household spending went up for the fourth month in a row, although dismal factory output along with exports could keep pushing the Japanese economy into a moderate contraction in the first quarter…
In April, new orders for American capital goods tacked on by the most for eight months, although a tumble in shipments dropped a hint that business spending on equipment decelerated in the first quarter…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…