Non-Farm Payrolls the main focus of an eventful trading day [Video]
|We are expecting the Chinese Trade Balance CNY (NOV), Japan’s Eco Watchers Survey (NOV), Australia’s Home Loans (MoM) (OCT) and Japan’s Bankruptcies (YoY) (NOV) during the Asian session. Later during the London session, the UK will release their Industrial Production, Manufacturing Production, Construction Output, and Trade Balance (OCT). At the same time, their Consumer Inflation Expectations will be out. The main event of the day is considered to be the US Non-Farm Payrolls report at 1:30 PM GMT. For the month of November, most economists forecast that around 210K non-farm jobs were created, so economists think that jobs growth was still relatively solid but slower compared October. In any case, just remember that a better-than-expected reading for non-farm payrolls triggers a quick Greenback rally as a knee-jerk reaction.Then the market could turn into profit-taking mode. Thanks for watching, have a great weekend and come back for more from Capital Index and Invest Diva next week.
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