Economic Calendar: Britain’s jobs report takes Spotlight today!

The Economic Calendar for the day has its focus stuck on Britain’s jobs report.

The dollar rose to a one-month high against the euro and hit a weekly high against the yen on Tuesday as traders awaited key US inflation data and the Federal Reserve’s fresh interest rate forecast next day.

The euro fell after the results of Sunday’s European Parliament elections showed that Eurosceptic nationalists won the biggest victory.

This has prompted French President Emmanuel Macron to call an early general election to restore his authority after the landslide victory of far-right rival Marine Le Pen

While Marine Le Pen’s National Rally party has shifted away from the anti-euro manifesto it ran on in 2017, fears about shifting support for Ukraine stand to unnerve markets.

The dollar index was last up 0.18% at 105.102. The euro down 0.30% to $1.07651. Sterling up 0.12% to $1.27303.

Gold prices rebounded from the day’s lows after the precious metal’s biggest daily drop in three and a half years in the last session, as investors awaited U.S. inflation data and the Federal Reserve’s decision on interest rates later this week.

Crude Oil prices gain sharply, extending the previous day’s rally on hopes of higher seasonal fuel demand and potential U.S. crude purchases for its petroleum reserve, though gains were capped by a firmer dollar. ​
Copper was able to gain over one percent and recovered from the five-month lows as the focus shifted to demand potential after a sell-off triggered by funds and traders reversing bets on higher prices.

MCX gold futures settled +0.12 to 71438.Silver settled +1.05% to 90022.Copper settled +1.09% to 862.95. Crude oil +2.58% at 6486. Natural gas -1.64% to 242.50.

Economic calendar and events scheduled


At 11.30am- Prelim Machine Tool Orders y/y. Previous was at -8.9%.

Above mentioned data in the economic calendar could have a neutral impact on the Yen.


At 11.30am-

Claimant Count Change. Data is foreseen at 10.k, previous was at 8.9K.

Average Earnings Index 3m/y. Data is foreseen at 5.7% from previous 5.7%.

Unemployment Rate. Data is foreseen at 4.3% from previous 4.3%.

Tentative – German Buba President Nagel Speaks.

Above mentioned data within the economic calendar could have a volatile impact on the Pound.


At 6.00pm- Building Permits m/m. Data is foreseen at 4.9% from previous -11.7%.

Above data could have a positive impact on the Canadian dollar.


At 3.30pm- NFIB Small Business Index. Data is foreseen at 89.8 from previous 89.7.

Above data could have a neutral impact on the dollar

Happy Trading!

Commodity Samachar
Learn and Trade with Ease

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