[News] Nonfarm Payroll and other next week's events that will impact the market

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Important news between 29 November and 5 December 2021 Harmonised Index of Consumer Prices, Germany When: What it influences: 30 November 2021 EUR and its subsequent pairs What's happening: HICP is an index of consumer prices calculated and published by Destatis, the Statistical Office of the European Union, based on a statistical methodology harmonized across all E.U. member states. HICP is a measure of prices used by the Governing Council of E.U. to define and assess price stability in the euro area as a whole in quantitative terms. Trade on majors Gross Domestic Product, Canada When: What it influences: 30 November 2021 CAD and its subsequent pairs What's happening: The Gross Domestic Product released by Statistics Canada is a measure of the total value of all goods and services produced by Canada. The GDP is considered a broad measure of Canadian economic activity and health. Generally speaking, a rising trend positively affects the CAD, while a falling trend is seen as a negative for the CAD. Trade on majors Retail Sales, Germany When: What it influences: 1 December 2021 EUR and its subsequent pairs What's happening: The Retail Sales released by Germany Federal Statistical Office is a measure of German retail sector sales changes. The report displays the retail sector performance in the short term by the change in percentage. The changes are widely accepted as consumer spending indicator. The positive economic growth anticipates bullish sentiment for the EUR, while a low reading is seen negative, or bearish, for the EUR. Trade on majors ISM Manufacturing PMI, USA When: What it influences: 2 December 2021 USD and its subsequent pairs What's happening: The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the U.S. manufacturing sector. It is a significant indicator of the overall economic situation in the U.S. A result above 50 is seen as positive, or bullish, for the USD, whereas a result below 50 is seen as negative, or bearish. Trade on majors Markit Services PMI, UK When: What it influences: 3 December 2021 GBP and its subsequent pairs What's happening: The PMI service released by both the Chartered Institute of Purchasing & Supply and the Markit Economics is an indicator of the economic situation in the U.K. services sector. It captures an overview of sales and employment conditions. The U.K. service sector does not influence, either positively or negatively, the GDP as much as the Manufacturing PMI does. Traders want the highest possible reading, which is seen as a positive for the GBP. Any reading above 50 signals expansion, while a reading under 50 shows contraction. Trade on majors Nonfarm Payrolls, USA When: What it influences: 3 December 2021 USD and its subsequent pairs What's happening: The Nonfarm payrolls released by the U.S. Department of Labor presents the number of people on the payrolls of all non-agricultural businesses. The monthly changes in payrolls can be excessively volatile. Generally speaking, a high reading is seen as positive, or bullish, for the USD, while a low reading is seen as negative, or bearish. Trade on majors Trade in our app Follow us Business license no. 19776 IBC 2011 Registered address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines Contact info Privacy Policy Unsubscribe © 2021 Octa Markets Incorporated