ISM Non-Manufacturing PMI (05.10.21)
ISM Non-Manufacturing PMI reflects activity in the US service sector in the reporting month. The indicator is based on a survey of representatives from more than 400 companies. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. Readings above 50 may have a positive effect on US dollar pairs, such as EUR/USD, GBP/USD, and USD/JPY.
ECB President Lagarde Speech (05.10.21)
The European Central Bank President Christine Lagarde Speech reflects the official position of the European Central Bank, therefore every speech is carefully examined by the market participants and analysts. If Christine Lagarde's rhetoric suggests possible developments in the future monetary policy, such as the upcoming tightening or easing, this may have a short-term effect on the euro. Watch out for EUR/USD today.
Fed Governor Quarles Speech (05.10.21)
FED Governor Speech affects USD depending on the speech rhetoric. If the speech is seen as an intention to raise the rates at the next FOMC meeting, this has a positive impact on USD and vice versa. The Fed Board of Governors develops and implements the country's monetary policy, therefore the statements of its members may momentarily affect the market. Watch out for EUR/USD, GBP/USD, and USD/JPY.
Reserve Bank of New Zealand Interest Rate Decision (07.10.21)
RBNZ Interest Rate Decision is adopted every six weeks. The regulator's interest rate is used for loans issued to commercial banks. Establishing an interest rate is one of the main monetary policy tools used by the Reserve Bank of New Zealand to regulate the strength of the national currency. An increase in the interest rate may have a positive effect on NZD quotes. Watch out for NZD/USD.
The EIA United States Crude Oil Stocks Change (07.10.21)
The Energy Information Administration's (EIA) Crude Oil Stocks Change Indicator is published weekly. It measures the number of barrels of commercial crude oil held by US companies. It is one of the indicators affecting world oil prices. Growing crude oil stocks indicate a weaker demand for oil and can have a negative impact on the oil barrel price. Watch out for OIL.WTI, as well as CAD/USD as Crude Oil is Canada's main export.
Bank of Japan (BoJ) Governor Kuroda Speech (08.10.21)
BOJ Governor Speech is an event having the greatest impact on JPY among all public statements made by the Japanese regulator. The Governor's rhetoric reflects the official position of the Bank of Japan. If some hints at tightening the monetary policy by the Bank of Japan are detected in the Governor's speech, it may affect JPY positively. Watch out for USD/JPY, EUR/JPY, and GBP/JPY.
The U.S. Nonfarm payrolls (09.10.21)
Nonfarm Payrolls present the number of new jobs created during the given month, in all non-agricultural sectors of the U.S. The goal of the NFP is to provide an insight into the employment situation, which is better gauged by only including permanent job hires.
Stay up-to-date all the time
IMPORTANT NOTICE: Any news, opinions, research, analyses, prices or other information contained on this feed are provided as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and therefore, it is not subject to any prohibition on dealing ahead of dissemination. Past performance is not an indication of possible future performance. Any action you take upon the information on this feed is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of this feed.
RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail client investors lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Copyright © 2021 – All rights reserved.
NAGA is a trademark of The NAGA Group AG, a German based FinTech company publicly listed on the Frankfurt Stock Exchange | WKN: A161NR | ISIN: DE000A161NR7.
The website is owned by The NAGA Group AG and operated by NAGA Global LLC which is incorporated under the laws of St. Vincent and the Grenadines as an Limited Liability Company (1189 LLC 2021) and is an operating subsidiary within The NAGA Group.
NAGA trademark is operated by NAGA Group subsidiaries, including:
Trade Responsibly: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing you money. Past performance of a NAGA community member is not a reliable indicator of his future performance. Content on NAGA's social trading platform is generated by the members of its community and does not contain advice or recommendations by or on behalf of NAGA.
Trading with NAGA Trader by following and/or copying or replicating the trades of other traders involves high levels of risks, even when following and/or copying or replicating the top-performing traders. Such risks include the risk that you may be following/copying the trading decisions of possibly inexperienced/unprofessional traders, or traders whose ultimate purpose or intention, or financial status may differ from yours. Before making an investment decision, you should rely on your own assessment of the person making the trading decisions and the terms of all the legal documentation.
Restricted regions: NAGA Global Limited does not provide services for the residents of certain countries, such as the United States of America, Canada, Vietnam, Israel and the Islamic Republic of Iran.