King of Forex, Non-Farm Payrolls, will dominate the day. Current expectations are for a drop of 659K jobs. Apart from NFP, British, European and American Services PMI figures will be closely watched. Echoes from the G20 summit will also move the markets. The day starts with German Import Prices, which are expected to drop by 0.3%. Later in Europe, Final Services PMI is expected to be left unchanged, at 40.1. This is a major indicator for Europe. In Britain, Halifax HPI is expected to fall by 1.9%, after plunging by 2.3% last month. Recent British data suggests that this figure could be better: Nationwide HPI surprised yesterday, with a rise of 0.9% instead of a fall of 1.5% that was predicted. Services PMI is another major British release: consensus is for a small rise to 43.6, from 43.2. British financial services aren’t seeing their best days… At 12:30 GMT, the king of forex, Non-Farm Payrolls will be published in the US. Traders are expecting a drop of 659L jobs, but this week’s figures suggest an even worse result. Unemployment Claims and ADP Non-Farm Employment Change (though not-so-accurate) might lead to NFP under -700K. At the same time, American Unemployment Rate is expected to rise to 8.5%. Predictions for this important indicator missed time after time. A figure closer to 9% won’t be a big surprise. The day isn’t over yet: ISM Non-Manufacturing PMI is expected to stay almost unchanged, similar to expectations in Europe. A rise to 41.9, from 41.6 is predicted at the moment. Also in the US: Average Hourly Earnings is expected to rise by 0.2%, like last month. Speeches from FOMC members Jeffrey Lacker and Donald Kohn are expected, and they could also move the markets. Near the end of the day, Federal Reserve Chairman Ben Bernanke will speak about an interesting issue: The Fed’s Balance Sheet. The last FOMC Statement increased the Federal Reserve’s balance sheet significantly. Printing $1 trillion dollars doesn’t happen every day, and Ben Bernanke will finally dedicate a full speech to this extreme move. Happy Forex Trading! Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Non-Farm Payrolls Send USD/JPY Above 100 Yohay Elam 14 years King of Forex, Non-Farm Payrolls, will dominate the day. Current expectations are for a drop of 659K jobs. Apart from NFP, British, European and American Services PMI figures will be closely watched. Echoes from the G20 summit will also move the markets. The day starts with German Import Prices, which are expected to drop by 0.3%. Later in Europe, Final Services PMI is expected to be left unchanged, at 40.1. This is a major indicator for Europe. In Britain, Halifax HPI is expected to fall by 1.9%, after plunging by 2.3% last month. Recent British data suggests that this figure… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
