Here are the most important news events and the impact of the particular currencies between the actual number and the expectation, this will help you to trade successfully.
01.Australia Retail Sales MoM 00.30GMT
Retail Sales measure the change in the total value of inflation-adjusted sales at the retail level. It is the foremost indicator of consumer spending, which accounts for the majority of overall economic activity.
Previous : 0.4%
Expected: 0.5%
A higher than expected reading should be taken as positive/bullish for the AUD, while a lower than expected reading should be taken as negative/bearish for the AUD.
02.U.S. Nonfarm Payrolls 13.30GMT
Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.
Previous : 292K
Expected: 190K
A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
03.U.S. Unemployment Rate 13.30GMT
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
Expected: 5.0%
A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
04.Canada Unemployment Rate 13.30GMT
The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month.
Previous : 7.1%
Expected: 7.1%A higher than expected reading should be taken as negative/bearish for the CAD, while a lower than expected reading should be taken as positive/bullish for the CAD.
05.Canada Ivey PMI 15.00GMT
The Ivey Purchasing Managers' Index (PMI) measures the activity level of purchasing managers in Canada. A reading above 50 indicates expansion; a reading below 50 indicates contraction. The index is a joint project of the Purchasing Management Association of Canada and the Richard Ivey School of Business. Traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, which can be a leading indicator of overall economic performance.
Expected: 50.0%
A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD.
