📅 Investing Economic Calendar: Regarding the economic calendar, there are many relevant data today, but the most important will be the unemployment rate and the monetary policy report.
Federal Reserve Monetary Policy Report: Here the Fed explains how it views the economy and gives hints about whether it will raise or lower interest rates. A calmer tone is pleasing to investors because it means less upward pressure on rates. An aggressive tone indicates that rates may continue to rise.
Non-Farm Payrolls: Indicate how many jobs are created in most sectors, excluding agriculture. A very high number sometimes scares the market because it could influence rates. A more moderate figure is usually better received.
Unemployment Rate: The unemployment rate is a measure of the percentage of the total workforce that is unemployed but actively seeking employment and willing to work in the U.S. A high percentage indicates weakness in the labor market, which should be taken as bearish for stocks and cryptos. A low percentage is a positive indicator for the labor market in the U.S. and should be taken as positive for stocks and cryptos.
Average Hourly Earnings: Shows how much average wages are rising. If they grow too much, there could be more inflation, and they might maintain rates or even raise them in an extreme case, something that usually does not please the markets. If wages increase less than expected, it eases inflationary concerns a bit.
Lagarde's Appearance: Her statements are often an important indicator for European markets, as they can provide hints about possible changes in interest rates and economic policy. This data can affect the Euro/Dollar pair, but not cryptos.