Economic calendar: NFP day!

7:32 AM August 5, 2022
  • European indices set for flat opening

  • Jobs reports from the United States and Canada

  • Industrial production data from Europe

Futures markets point to a more or less flat opening of the European cash session today with DAX futures trading unchanged compared to yesterday's cash close. US NFP report release is a key macro event of the day, especially after Fed Chair Powell hinted at a strong labour market as one of factors supporting further tightening. US employment increase in July is expected to be smaller than in June and wage growth is also expected to decelerate on year-over-year basis.

Apart from NFP report, investors will also be offered jobs report from Canada. Canadian report will be released at the same time as the US one (1:30 pm BST) therefore traders should be aware of a possible jump in USDCAD volatility in the early afternoon. When it comes to European releases, the economic calendar for today is light. Traders will get industrial production reports for June from France and Italy. Both are expected to show a month-over-month drop but there is a scope for positive surprise after German data surprised to the upside earlier today.

Start investing today or test a free demo

Open real account TRY DEMO Download mobile app Download mobile app

7:45 am BST - France, industrial production for June. Expected: -0.4% MoM. Previous: 0.0% MoM

9:00 am BST - Italy, industrial production for June. Expected: -0.4% MoM. Previous: -1.1% MoM

1:30 pm BST - US, NFP report for July.

  • Non-farm payrolls. Expected: 250k. Previous: 372k

  • Unemployment rate. Expected: 3.6%. Previous: 3.6%

  • Wage growth. Expected: 4.9% YoY. Previous: 5.1% YoY

1:30 pm BST - Canada, jobs report for July.

  • Employment change. Expected: 19.8k. Previous: -43.2k

  • Unemployment rate. Expected: 5.0%. Previous: 4.9%

Top Wall Street earnings releases

  • DraftKings (DKNG.US) - before market open

  • Western Digital (WDC.US) - before market open

  • Goodyear Tire & Rubber Company (GT.US) - before market open


Forex and CFDs are leveraged products and can result in losses that exceed your deposits. Please ensure you fully understand all of the risks.

Losses can exceed deposits