{"id":2782,"date":"2026-08-03T13:53:32","date_gmt":"2026-08-03T13:53:32","guid":{"rendered":"https:\/\/ftmo.com\/au\/?p=2782"},"modified":"2026-08-03T13:53:35","modified_gmt":"2026-08-03T13:53:35","slug":"trading-week-ahead-the-nfp-showdown","status":"publish","type":"post","link":"https:\/\/ftmo.com\/au\/blog\/trading-week-ahead-the-nfp-showdown\/","title":{"rendered":"Trading Week Ahead: The NFP Showdown"},"content":{"rendered":"\n

Geopolitical de-escalation has lowered oil prices as focus shifts to high-stakes corporate <\/em>earnings from AMD<\/em><\/strong> and <\/em>SpaceX<\/em><\/strong>. Meanwhile, the <\/em>US labour market<\/em><\/strong> remains the primary driver of sentiment, with traders awaiting a pivotal jobs report that will likely dictate the Federal Reserve’s next policy move.<\/em><\/p>\n\n\n\n

Brace for this week’s three key economic events:<\/strong><\/p>\n\n\n\n

\ud83d\udc49<\/strong><\/strong> US ISM Manufacturing PMI & Prices – 16:00, Monday (CEST)<\/strong><\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\ud83d\udc49<\/strong><\/strong> US JOLTS Job Openings – 16:00, Tuesday (CEST)<\/strong><\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\ud83d\udc49<\/strong><\/strong> US Nonfarm Payrolls – 14:30, Friday (CEST)<\/strong><\/p>\n\n\n\n

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.<\/p>\n\n\n\n

\n\n \n\n

\n \n
\n 03\/08\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 16:00<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n ISM Manufacturing PMI<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 16:00<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n ISM Manufacturing Prices<\/span>\n <\/div>\n <\/div>\n \n
\n 04\/08\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 16:00<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n JOLTS Job Openings<\/span>\n <\/div>\n <\/div>\n \n
\n 05\/08\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 14:15<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n ADP Non-Farm Employment Change<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 16:00<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n ISM Services PMI<\/span>\n <\/div>\n <\/div>\n \n
\n 07\/08\/26\n <\/div>\n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 14:30<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Average Hourly Earnings<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 14:30<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Nonfarm Payrolls<\/span>\n <\/div>\n <\/div>\n \n \n
\n
\n Time<\/span>\n
\n \n \n \n<\/svg>\n\n 14:30<\/span>\n <\/div>\n <\/div>\n\n
\n Instrument<\/span>\n
\n
\n \"USD\"\n <\/div>\n USD<\/span>\n <\/div>\n <\/div>\n\n
\n Event<\/span>\n Unemployment Rate<\/span>\n <\/div>\n <\/div>\n <\/div>\n\n
\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
Date<\/th>\n Time<\/th>\n Instrument<\/th>\n Event<\/th>\n <\/tr>\n <\/thead>\n
03\/08\/26<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 16:00<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n ISM Manufacturing PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n ISM Manufacturing Prices<\/span>\n <\/td>\n <\/tr>\n \n \n
04\/08\/26<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 16:00<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n JOLTS Job Openings<\/span>\n <\/td>\n <\/tr>\n \n \n
05\/08\/26<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 14:15<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n ADP Non-Farm Employment Change<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n \n \n \n<\/svg>\n<\/span>\n 16:00<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n ISM Services PMI<\/span>\n <\/td>\n <\/tr>\n \n \n
07\/08\/26<\/td>\n \n \n
\n \n \n \n<\/svg>\n<\/span>\n 14:30<\/span>\n <\/div>\n <\/td>\n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Average Hourly Earnings<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Nonfarm Payrolls<\/span>\n <\/td>\n <\/tr>\n \n \n
\n
\n
\n \"USD\"\n <\/div>\n
USD<\/div>\n <\/div>\n <\/td>\n\n
\n Unemployment Rate<\/span>\n <\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n <\/div>\n