Gearing up for a new week
We had Non-Farm Payroll (NFP) last Friday the 4th, the outcome was so confusing for many traders, the NFP figure was positive, we got an improved number, it came out at 242k and it was expected to come out at 195k, but again the Average Hourly Earnings came out below forecast, it came out at -0.1%, expected figure was 0.2% with the previous of 0.5%, it then neutralized the NFP good results , the greenback (USD) did not rally up as expected, this must have been very confusing to many traders, first Friday of the month is not only about the NFP, keep a close eye to the Average Hourly Earnings. Learn how to trade Non-Farm Payroll HERE.
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ECONOMIC CALENDAR MARCH 7TH TO MARCH 11th |
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| DATE | NEWS | NEW YORK TIME | LOCAL TIME | FORECAST | CURRENCY |
| 9TH March | Manufacturing Production | 5:30am | 11:30am | 0.2% | GBP |
| 9TH March | Overnight Rate | 11:00am | 5:00pm | 0.50% | CAD |
| 9TH March | Official Cash Rate | 4:00pm | 10:00pm | 2.50% | NZD |
| 10TH March | Minimum Bid Rate | 8:45am | 2:45pm | 0.05% | EUR |
| 10TH March | Unemployment Claims | 9:30am | 3:30pm | 272k | USD |
| 11th March | Employment Change | 9:30am | 3:30pm | 10.2k | CAD |
| 11th March | Unemployment Rate | 9:30am | 3:30pm | 7.2% | CAD |
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