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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Look ahead: FOMC minutes; US ADP; initial jobless claims; China services data

The health of the world’s two biggest economies comes under the spotlight on Wednesday with the Caixin services print from China and ADP employment change numbers, ahead of Friday’s all-important NFP report.

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Also, brace for US dollar volatility amid the release of the Federal Open Market Committee (FOMC) minutes, especially after Federal Reserve (Fed) Chair Jerome Powell said the US central bank needs to be more confident before cutting policy rates.

(AI Video Summary)

NFPs, PMIs and inflation in focus

In today's financial "Look ahead" presented by Angeline Ong, significant market events are outlined for the week, including non-farm payrolls (NFPs), global purchasing managers indices (PMIs), and eurozone inflation. Focus is given to Asian markets, particularly the Heng Seng Index, noting a downtrend amid expectations for Chinese stimulus policies.

Impact of upcoming US data

Additionally, US data, such as the Automatic Data Processing (ADP) employment change and upcoming Fed communications, draw attention, impacting the dollar's performance against other currencies. Key trading opportunities are highlighted in the context of global economic data releases and monetary policy updates.


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