U.S. Non-Farm Payrolls & Other Major Economic Data


Christophe Chevalier


July 28, 2023



Min Read

TC Economic Insight - The Week Ahead (July 31 - August 4)

Using Trading Central's "Economic Insight" investors can check out up-coming major economic data.

We are looking into the trading week of July 31 - August 4 :

We can select economic data of "High", "Medium" or "Low" importance, or any combination of such filters:

We can select which economies to focus on:

Last Wednesday the U.S. Federal Reserve raised its key interest rates by 25 basis points to 5.25%-5.50%, the highest levels since 2001. Fed Chairman Jerome Powell said the central bank would decide to either increase or hold interest rates on a "meeting-by-meeting" basis depending on data.

And the Fed is focusing on labor data. 

According to Trading Central's "Economic Insight", the U.S. Official Jobs Report (July), to be released on Friday August 4, will show the addition of Non-Farm Payrolls slowed to 190,000 with the Unemployment Rate staying steady at 3.6%.

In the past 12 U.S. Official Jobs Reports, EUR/USD rose in 50% of times (6 out of 12 reports) within one hour from the report’s release, marking a trading range of 66.45 pips on average.

Other key economic data include:

Monday (July 31)

Japan Retail Sales (June) expected to grow 0.8% on month.

Japan Industrial Production (June) to be up 1.3% on month.

China Official Manufacturing PMI (July) anticipated to fall to 48.

Germany Retail Sales (June) expected to shrink 0.3% on month.

Eurozone Inflation rate (July) to cool down to 5.2% on year.

Eurozone 2Q GDP Growth Rate expected at 0.3% on quarter.

U.S. Chicago PMI (July) expected to rise to 43.0.

U.S. Dallas Fed Manufacturing Index (July) expected to improve to -18.0.

Tuesday (August 1)

Australia Central Bank is expected to raise key rate by 25 points to 4.35%.

Japan Unemployment Rate (June) to remain steady at 2.6%.

China Caixin Manufacturing PMI (July) may drop to 49.0.

Eurozone Unemployment rate (June) to rise to 6.6%

U.S. ISM Manufacturing PMI (July) expected to improve to 48.0.

Wednesday (August 2)

New Zealand Jobless Rate (2Q) to edge up to 3.5%.

U.S. ADP Private-Job Addition (July) expected to fall to 210,000.

Thursday (August 3)

Australia Trade Surplus (June) expected at A$11.80 billion.

China Caixin Services PMI (July) may fall to 52.0.

Eurozone Producer Prices (June) expected to fall 4.1% on year.

U.K. Central Bank expected to hike key rate by 25 points to 5.25%.

U.S. Initial Jobless Claims (July 29)  expected to rise to 225,000.

U.S. Factory Orders (June) to grow 0.1% on month.

U.S. ISM Services PMI (July) may dip to 52.0.

Friday (August 4)

Germany Factory Orders (June) expected to fall 2.6% on month

Eurozone Retail Sales (June) expected to rise 0.6% on month

U.S. Non-Farm Payroll Addition (July) expected to decline to 190,000.

U.S. Unemployment Rate (July) may stay steady at 3.6%.

Canada Full-time Employment Addition (July) to fall to 40,000.

 Happy Trading!

Source: Trading Central Economic Insight

Christophe Chevalier

Technical Analyst
Christophe has an STA Level 1 & 2 from the Society of Technical (UK), an MS in Financial Trading ESLSCA France’s elite financial education university and an MBA from ISC Paris Business School. He joined TC in 2007, bringing over 11 years experience in financial markets.
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