U.S.ECONOMIC EVENTS Feb 03-07

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In this post we’ll be focusing in the most important U.S economic events during the week of Feb 03-07 :

1-ISM Manufacturing PMI. Monday at 15:00 . The Institute for Supply Management (ISM) Manufacturing Index shows business conditions in the US manufacturing sector It’s a leading indicator of economic health .Last read was 57 . Forecast is 56 .

Market Impact :

  • A reading within expectations around 55 -60 will bring sideways move for the USD.
  • A reading above 60 will bring small gains for the USD.
  • A reading above 65 will bring strong gains for the USD.(nearest support/resistance might be broken).
  • A reading below 55 will bring small decline for the USD.
  • A reading below 50 will bring strong bearish move for the USD.(nearest support/resistance might be broken).

2- ADP Non-Farm Employment Change . Wednesday at 13:15 . The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government’s non-farm payroll report. The change in this indicator can be very volatile. Last read 238 K , Forecast 218 K .

Market Impact : 

  • A reading within expectations around 200K- 250K  will bring sideways move for the USD.
  • A reading above 250K will be bring small gains for the USD.
  • A reading above 300K will bring strong gains for the USD.(nearest support/resistance might be broken).
  • A reading below 200K will bring small decline for the USD.
  • A reading below 150K will bring strong bearish move for  the USD.(nearest support/resistance might be broken).

3-ISM Non-Manufacturing PMI .Wednesday at 15:00 .It measures the level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry . Last read 53 ,Forecast 53.8.

Market Impact:

  • A reading within expectations around 50 – 55  will bring sideways move for the USD.
  • A reading above 55 will  bring small gains for the USD.
  • A reading above 60 will bring strong gains for the USD.(nearest support/resistance might be broken).
  • A reading below 50 will bring small decline for the USD.
  • A reading below 45 will bring strong bearish move for the USD.(nearest support/resistance might be broken).

4-Trade Balance .Thursday at 13:30 . The Trade Balance measures the difference in value between imported and exported goods and services over the reported period. A positive number indicates that more goods and services were exported than imported. Last read -34.3B ,Forecast -36.1B.

Market Impact : 

  • A reading within expectations around -32B -38B  will bring sideways move for the USD.
  • A reading above -32B will bring small gains for the USD.
  • A reading above -30B will bring strong gains for the USD.(nearest support/resistance might be broken).
  • A reading below -38B will bring small decline for the USD.
  • A reading below -40B will bring strong bearish move for the USD.(nearest support/resistance might be broken).

5- Initial Jobless Claims .Thursday at 13:30 .Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week.Last read 348K ,Forecast 333K .

Market Impact :

  • A reading within expectations around 325K – 350K  will bring sideways move for the USD.
  • A reading  below 325K  will bring small gains for the USD.
  • A reading below 300K will bring strong gains for the USD.(nearest support/resistance might be broken).
  • A reading above 350K will bring small decline for the USD.
  • A reading above 380K will bring strong bearish move for the USD.(nearest support/resistance might be broken).

6-Non-Farm Payrolls .Friday at 13:30 . 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. Last read 74K ,Forecast 185K.

Market Impact :

  • A reading within expectations around 150K-200K  will bring sideways move for the USD.
  • A reading above -200K will bring small gains for the USD.
  • A reading above -250K will bring strong gains for the USD.(nearest support/resistance might be broken).
  • A reading below -150K will bring small decline for the USD.
  • A reading below -100K will bring strong bearish move for the USD.(nearest support/resistance might be broken).

7-Unemployment Rate .Friday at 13:30 .The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. Last read 6.7% ,Forecast 6.7% .

Market Impact :

  • A reading within expectations around 6.5% – 7.0%  will bring sideways move for the USD.
  • A reading above 7.0% will bring small gains for the USD.
  • A reading above 7.5% will bring strong gains for the USD.(nearest support/resistance might be broken).
  • A reading below 6.5% will bring small decline for the USD.
  • A reading below 6.0% will bring strong bearish move for the USD.(nearest support/resistance might be broken).

* All Times are GMT

MARKET DATA

UPCOMING ECONOMIC EVENTS

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