Trading Week Ahead: The NFP Showdown
Geopolitical de-escalation has lowered oil prices as focus shifts to high-stakes corporate earnings from AMD and SpaceX. Meanwhile, the US labour market remains the primary driver of sentiment, with traders awaiting a pivotal jobs report that will likely dictate the Federal Reserve’s next policy move.
Brace for this week’s three key economic events:
👉 US ISM Manufacturing PMI & Prices – 16:00, Monday (CEST)
A key factory gauge (forecast 54.0, prev. 53.3). Any major surprises in either headline activity or prices paid will drive instant cross-asset volatility.
👉 US JOLTS Job Openings – 16:00, Tuesday (CEST)
A crucial proxy for underlying labour demand. Lower-than-expected prints will directly fuel rate cut bets and exert immediate downward pressure on the US dollar.
👉 US Nonfarm Payrolls – 14:30, Friday (CEST)
The macroeconomic event of the week (forecast 88K, prev. 57K). With the unemployment rate expected to hold at 4.2%, any deviations in headline job creation will aggressively reprice both the USD and global equities.
| Date | Time | Instrument | Event |
|---|---|---|---|
| 03/08/26 |
16:00
|
USD
|
ISM Manufacturing PMI |
|
USD
|
ISM Manufacturing Prices | ||
| 04/08/26 |
16:00
|
USD
|
JOLTS Job Openings |
| 05/08/26 |
14:15
|
USD
|
ADP Non-Farm Employment Change |
|
16:00
|
USD
|
ISM Services PMI | |
| 07/08/26 |
14:30
|
USD
|
Average Hourly Earnings |
|
USD
|
Nonfarm Payrolls | ||
|
USD
|
Unemployment Rate |
*All times in the table are in CEST
All information provided herein is intended solely for educational purposes related to trading on financial markets and does not constitute investment advice or serve in any way as a specific investment recommendation. Please read the full disclosure here.
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