Economic news to watch this week
We had such a busy week last week. We kicked if off with the Bank Of Japan (BOJ) leaving their policy rate unchanged at -0.10%. European Central Bank (ECB) President Mario Draghi also delivered his speech on the 31st which was followed by UK GDP stats which came out above by 0.1% increasing from expected 0.3% to 0.4%. Bank Of Canada (BOC) Gov Poloz also had his speech on the day. UK Manufacturing PMI held steady at 55.9. ADP Non-Farm Employment change increased to 246K from expected 165K. The Feds held their rates steady at <0.75%. UK Construction PMI also dropped. Unemployment claims decreased from expected 251K to 246K . Lastly on Friday we had Non-Farm Payroll (NFP) which got a very positive print, increased by 57K from expected 170K to 227K. The NFP results got so many traders confused and messed up because everyone is only looking for the NFP outcome and overlooking the Earnings. Read more about how to trade the NFP properly Here. Below are the economic news to watch this week.