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 U.S. 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:
👉 U.S. ISM Manufacturing PMI & Prices – 4:00 PM, Monday (GMT+2)
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.
👉 U.S. JOLTS Job Openings – 4:00 PM, Tuesday (GMT+2)
A crucial proxy for underlying labour demand. Lower-than-expected prints will directly fuel rate cut bets and exert immediate downward pressure on the U.S. dollar.
👉 U.S. Nonfarm Payrolls – 2:30 PM, Friday (GMT+2)
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 |
|---|---|---|---|
| 08/03/26 |
4:00 PM
|
USD
|
ISM Manufacturing PMI |
|
USD
|
ISM Manufacturing Prices | ||
| 08/04/26 |
4:00 PM
|
USD
|
JOLTS Job Openings |
| 08/05/26 |
2:15 PM
|
USD
|
ADP Non-Farm Employment Change |
|
4:00 PM
|
USD
|
ISM Services PMI | |
| 08/07/26 |
2:30 PM
|
USD
|
Average Hourly Earnings |
|
USD
|
Nonfarm Payrolls | ||
|
USD
|
Unemployment Rate |
*All times in the table are in GMT+2
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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