Top 5 Economic Events To Watch | March 6 – 10 – 2023

It's time to buckle up and prepare for another week of economic events that will surely impact the markets. From job openings in the US to GDP in the UK and EU, this week's releases are essential indicators of the global economic landscape. As always, we've covered you with the top  5️⃣ economic events to watch, so you can stay ahead.

Get ready for an exciting week ahead! 👇

The European Union Gross Domestic Product (GDP) q/q – Wednesday, March 8th

📅 The EU Gross Domestic Product (GDP) q/q will be released on Wednesday, March 8 at 12:00 (GMT +2).

📌 Gross Domestic Product q/q reflects the changes in the total value of all goods and services produced in the euro area in the current quarter compared to the previous one. The calculation excludes the price of goods and services used in intermediate manufacturing.

📊 This critical economic indicator provides valuable insights into the overall health of the euro area's economy and can significantly impact financial markets. Whether you're a seasoned pro or just starting, tracking the UK GDP q/q release is essential for making informed trading decisions.

Assets potentially to be affected:  $EUR and $EU Stocks 🇪🇺

The United States JOLTS Job Openings – Wednesday, March 8th

📅 The US JOLTS Job Openings will be released on Wednesday, March 8 at 17:00 (GMT +2).

📌 JOLTS Job Openings is a monthly report on job vacancies in the US commercial, industrial, and office areas. The calculation includes all vacancies open as of the last business day of a month.

📊 A JOLTS Job Openings indicator change can affect the US Dollar and stock quotes. If the number of job openings increases, it signals a growing and robust economy, boosting investor confidence and leading to a stronger USD  and higher stock prices. On the other hand, if job openings decrease, it signals a weakening economy, which can cause investor concern and lead to a weaker US Dollar and lower stock prices.

Assets potentially to be affected: $USD and $US Stocks 🇺🇸

The United States Initial Jobless Claims – Thursday, March 9th

📅 On Thursday, March 9, the US Initial Jobless Claims will be released at 15:30 (GMT+2).

📌 Initial Jobless Claims show the number of people filing to receive unemployment insurance benefits for the first time over the past week. The indicator is used to assess the state of the labor market. Since the weekly flow of data causes high volatility, the four-week average values are often used for interpretation.

📊 The United States JOLTS Job Openings report is also set to be released this week, and it's another significant event that you'll want to watch. As a monthly report on job vacancies across different sectors in the US, the JOLTS Job Openings data can be a leading indicator of economic growth and inflation. With its potential to affect the value of the US Dollar and US Stocks, this report is an essential data point for traders to watch.

Assets potentially to be affected:  $USD and $US Stocks 🇺🇸

The United Kingdom Gross Domestic Product (GDP) m/m – Friday, March 10th

📅 On Friday, March 10, the UK Gross Domestic Product (GDP) m/m will be released at 9:00 (GMT+2).

📌 GDP m/m represents the value of all goods and services produced in the UK, in the reported month compared to the previous month. The GDP calculation also includes expenditure on manufactured goods and provided services.

📊 Will UK quarterly GDP continue to decline? The last release turned out to be worse than expected, and this caused the movement of the British pound and stocks immediately after the publication of the data. So will the situation repeat itself this time?

Assets potentially to be affected: $GBP and $UK Stocks 🇬🇧

United States Nonfarm Payrolls – Friday, March 10th

📅 The US Nonfarm Payrolls will be released on Friday, March 10, at 15:30 (GMT +2).

📌 Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the US.

📊 Last but certainly not least, traders, we have the United States Nonfarm Payrolls report to look forward to this week. As one of the most closely watched indicators of the US labor market, this report has the potential to impact the value of the US dollar and US stocks, making it a crucial data point for traders to monitor.

Join us in tracking the release of the US Nonfarm Payrolls report this week and gain a deeper understanding of the current state of the US labor market!

Assets potentially to be affected: $USD and $US Stocks 🇺🇸

That's it for this week! 👋