Economic news to watch this week
Last week was one more confusing Non-Farm Payrolls for many traders. I know a lot of traders who bought U.S Dollar on that positive print and lost money. We (my team and I), on the other hand, knew what to do and we actually sold the greenback. It happens a lot during NFP (the outcome is sometimes very confusing to many). Like I always say that trading the economic news is not a straightforward affair where “above= buy and below =sell”. Learn how to trade Non-Farm Payrolls (NFP) HERE. And also get your 2017 NFP dates HERE.
We have a very busy week ahead and I am looking forward to all the microeconomic events and the trading opportunities. This week’s highlight is the Federal Funds Rate hike ( released 8 times per year) which is expected to rise by 25 basis points. It will be followed by FOMC statement. If you are not sure what is FOMC read and get all 2017 FOMC dates HERE. Please note that U.S Daylight Saving Time Shift took place today. Clocks are now moved forward by 1 hour. The next shift will be on the 5th of November 2017. This means we (South Africa) are back at 6 hours ahead of New York time (notice the local time on our weekly news table below for adjusted times). Please help to keep this blog going. If you need to open a live account kindly register with one of the recommended FSB regulated brokers using the links provided Here. For further assistance you can WhatsApp me on: +27 76 966 9392 Or +27 64 510 4132, I”ll be happy to take you through. Below are the economic news to watch this week.