Today’s economic calendar features one of the most critical releases of the month: the US Non-Farm Payrolls (NFP) report. Although market participants remain primarily focused on developments in the Middle East, a robust data set today could further dampen expectations for interest rate cuts by the Federal Reserve. It is worth noting that the previous NFP print surprised significantly to the upside despite pessimistic forecasts, and the most recent ADP report reached its highest level in several months.
Economic Calendar:
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10:00 AM (GMT) Eurozone – Q4 2025 GDP (Final): Est: 1.3% YoY (Prev: 1.4% YoY)
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1:30 PM (GMT) USA – Non-Farm Payrolls (Feb): Est: 60k (Prev: 130k)
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1:30 PM (GMT) USA – Unemployment Rate (Feb): Est: 4.3% (Prev: 4.3%)
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1:30 PM (GMT) USA – Average Hourly Earnings (Feb): Est: 3.7% YoY (Prev: 3.7% YoY)
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1:30 PM (GMT) USA – Retail Sales (Feb): Est: -0.3% MoM (Prev: 0.0% MoM)
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1:30 PM (GMT) USA – Core Retail Sales (Feb): Est: 0.1% MoM (Prev: 0.0% MoM)
ECB Minutes: Peak Impact of Euro Strength on Inflation Yet to Come 🇪🇺
Economic calendar: Central banks vs global risks to inflation (05.03.2026)
Strong Service ISM Reading as activity expanded most since 2022
BREAKING: Stronger than expected ADP fails to support the dollar 🇺🇸