Non Farm Payrolls are published in the USA. This will affect all Forex market. More about Non Farm Payrolls.
And before the NFP is published, the dollar is slightly waker today. USD/JPY and GBP/USD are moving against the dollar, while the EUR/USD and USD/CHF are rather stable.
German Retail Sales were surprisngly good, with a rise of 0.7%, while the monthly French Industrial Production dropped more than expected, by 2.4%.
European monthly Retails Sales were better than expected, while German Industrial Production was low. All in all, Europe provided mixed data today.
In Britain, the monthly Manufacturing Production was much lower than expected, at -2.9% – a huge drop compared to 0.5% that was expected.
Another negative figure from Britain was the monthly Industrial Production. The PPI Input, an important number was -2.0%, within expectations.
Important Canadian data is due later on: Employment Change, Unemployment Rate, Housing Starts and Building Permits are all very critical figures for those trading the loonie or other Canadian currency pairs.
USD/CAD is now trading a little higher, but all this data, that is published between 12:00 to 13:30 GMT, will rock the Canadian dollar.
And at 13:30, the long awaited Non Farm Employment Change (aka Non Farm Payrolls or NFP) will be the highlight of the day, with strong moves around it.
Note that the American Unemployment Rate and the Average Hourly Earnings , published at the same time are also very important signals, that will affect the dollar, espcecially if NFP will be within expectations.
Closing the day in the US: Wholesale Inventories and a speech by Federal Reserve Bank of Richmond President Jeffrey Lacker.
Have an exciting trading session!
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