USD News from Jan 30th to Feb 2nd, 2024

Hello there! Welcome to the TPwithUS Forex Signal and Analysis Site! Now we share Important USD News from Jan 30th to Feb 2nd, 2024. That means High-impact news refers to economic and financial events that can potentially affect the forex market significantly.

Here we first introduce the parameters that affect the USD economy news from January 30th to February 2nd, 2024.

The list of High impact news of USD for this week:

CB Consumer Confidence

Level of a composite index based on surveyed households.

Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity.

JOLTS Job Openings

Number of job openings during the reported month, excluding the farming industry.

ADP Non-Farm Employment Change

Estimated change in the number of employed people during the previous month, excluding the farming industry and government.

Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

Employment Cost Index q/q

Change in the price businesses and the government pay for civilian labor.

It’s a leading indicator of consumer inflation – when businesses pay more for labor the higher costs are usually passed on to the consumer.

Federal Funds Rate

The interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

Short-term interest rates are the paramount factor in currency valuation – traders look at most other indicators merely to predict how rates will change in the future.

FOMC Statement

Federal Open Market Committee (FOMC), It’s the primary tool the FOMC uses to communicate with investors about monetary policy. It contains the outcome of their vote on interest rates and other policy measures, along with commentary about the economic conditions that influenced their votes. Most importantly, it discusses the economic outlook and offers clues on the outcome of future votes.

FOMC Press Conference

It’s among the primary methods the Fed uses to communicate with investors regarding monetary policy. It covers in detail the factors that affected the most recent interest rate and other policy decisions, along with commentary about economic conditions such as the future growth outlook and inflation. Most importantly, it provides clues regarding future monetary policy.

Unemployment Claims

The number of individuals who filed for unemployment insurance for the first time during the past week.

ISM Manufacturing PMI

Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.

Average Hourly Earnings m/m

Change in the price businesses pay for labor, excluding the farming industry.

Non-Farm Employment Change

Change in the number of employed people during the previous month, excluding the farming industry.

Unemployment Rate

Percentage of the total workforce that is unemployed and actively seeking employment during the previous month.

Revised UoM Consumer Sentiment

Level of a composite index based on surveyed consumers.

Economic news of USD from Jan 30th to Feb 2nd, 2024

Thanks for reading the USD News from Jan 30th to Feb 2nd, 2024 with us, Be informed by the TPwithUS team, and take profit with us in the Forex market.

source:https://www.forexfactory.com/