- In the Economic calendar of today we can expect some volatility in AUD, EUR and USD.
- At 01:30 (GMT) the trade balance was released by the Australian Bureau of Statistics
- The trade balance is the difference in the value of its imports and exports of Australian goods. The result was worse than expected (-975M) at 8025M.
- At 07:00 (GMT) the Spanish Government released the Unemployment Survey, which shows the number of unemployed workers added during the previous month.
- The result was positive since the figure was decreased since the last month by 21.5K at 5.1K.
- At 08:00 (GMT) Italy’s National Institute of Statistics released the Unemployment Rate, which is the number of unemployed workers divided by the total civilian labor force.
- The result was worse than expected (+0.1%) at 7.8%.
- At 12:30 (GMT) the US Bureau of Labor Statistics will release their Nonfarm Payrolls (NFP)
- NFP measures the change in the number of people employed during the previous month, excluding the farming industry.
- The monthly changes in payrolls can be extremely volatile, due to its high relation with economic policy decisions made by the Central Bank
- The result is forecasted to increase to 3000K considering that the last month was at 2509K
- Finally, at 12:30 (GMT) the US Bureau of Labor Statistics will announce their Unemployment Rate
- The result is forecasted to decrease to 12.3% considering that the last month was at 13.3%