What’s Next: NFP Week Catalysts
The rest of the week brings a dense US data calendar. Tuesday brings JOLTS (a US government survey of job openings and turnover) data and factory orders, Wednesday brings the ADP private payrolls report and the ISM Services PMI (a survey-based index of US services sector activity), and Thursday brings weekly jobless claims, according to cambridgecurrencies.com’s weekly currency forecast.
Friday 7 August brings the headline event: US non-farm payrolls, average hourly earnings, and the unemployment rate for July, due at 1:30pm UK time. The report lands roughly five weeks ahead of the Federal Reserve’s September policy meeting, making it a key input into interest rate expectations across gold, oil, the dollar, and equities.