News: [News] What impact will Nonfarm Payroll have on the market?

Saturday, August 29, 2020

[News] What impact will Nonfarm Payroll have on the market?

Important news
between 31 August and 6 September 2020

Harmonised Index of Consumer Prices, Germany

When:	What it influences:
31 August 2020	EUR, and its subsequent pairs

What's happening:

Harmonised Index of Consumer Prices (HICP) in an index of consumer prices calculated and published by Eurostat, the Statistical Office of the European Union (E.U.), based on a statistical methodology that is harmonised across the E.U. 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.

RBA Rate Statement, Australia

When:	What it influences:
1 September 2020	AUD, and its subsequent pairs

What's happening:

The RBA sets interests rates and announces them through a media release revealed at 2:30 p.m. (GMT+10) after each board meeting.

Consumer Price Index, the eurozone

When:

What it influences:

1 September 2020

EUR, and its subsequent pairs

What's happening:

The CPI measures the change in the prices of goods and services contained in a number of consumer items. The Central bank pays very close attention to this figure in its role of maintaining price stability.

ISM Manufacturing PMI, USA

When:

What it influences:

1 September 2020

USD, and its subsequent pairs

What's happening:

The ISM's Manufacturing Purchasing Managers Index (PMI) report on business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies spanning the U.S.

Retail Sales, Germany

When:

What it influences:

2 September 2020

EUR, and its subsequent pairs

What's happening:

German Retail Sales measure the changes in the total value of inflation-adjusted sales at the retail level, excluding automobiles and gas stations. It is the leading indicator of consumer spending, which accounts for the majority of economic activity.

ISM Non-Manufacturing PMI, USA

When:

What it influences:

3 September 2020

USD, and its subsequent pairs

What's happening:

The ISM's Non-Manufacturing Purchasing Managers' Index (PMI) (also known as the ISM Services PMI) report on business, is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives covering 62 industries.

Nonfarm Payrolls, USA

When:

What it influences:

4 September 2020

USD, and its subsequent pairs

What's happening:

Nonfarm Payrolls measure the changes in the number of people employed during the prior month, excluding workers within the farming industry. Since full employment is one of the Federal Reserves mandates, this measure is given consideration.