The Fed is supposed to raise the interest rates by 0.25% the middle to Dec. but it will depend on the other economic indicators like employment and inflation data.
Thursday's important Economic events:
ECB Monetary policy statement and press conference
Following the ECB´s economic policy decision, the ECB President gives a press conference regarding monetary policy. His comments may influence the volatility of EUR and determine a short-term positive or negative trend. His hawkish view is considered as positive, or bullish for the EUR, whereas his dovish view is considered as negative, or bearish.
Fed's Yellen testifies
FED’s chair testifies before the Congress or some of its Committees to explain the current economic situation and the policies applied to improve it. After the testimony, a Q&A session follows, which can imprint strong volatility across the board
Friday's important Economic events:
Unemployment Rate (Nov)
The Unemployment Rate released by the US Department of Labor is the number of unemployed workers divided by the total civilian labor force. If the rate is up, it indicates a lack of expansion within the US economy. Therefore, a decrease of the figure is seen as positive (or bullish) for the USD, while an increase is seen as negative (or bearish).
Nonfarm Payrolls (Nov)
The non-farm payrolls released by the US Department of Labor presents the number of people on the payrolls of all non-agricultural businesses. The monthly changes in payrolls can be excessively volatile. Generally speaking, a high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).
