Week 2 Exness economic calendar report 2025
By Paul Reid
06 January 2025
There are several key economic announcements that traders should keep an eye on. With a mix of data releases scheduled, this week is poised to influence market sentiment and trading strategies. Let’s explore the important events and how they might impact your trading decisions.
January 8 at 15:00 GMT - ISM Non-Manufacturing PMI
On January 8 at 15:00 GMT, the ISM Non-Manufacturing Purchasing Managers' Index (PMI) will be released. This index provides insight into the health of the services sector in the US, which accounts for a significant portion of the economy. Analysts are expecting a reading of 54.5, slightly down from 55.0 in the previous month. A figure above 50 indicates expansion, while below that suggests contraction.
For traders, this report can significantly affect forex pairs like EURUSD and GBPUSD, as it reflects consumer and business sentiment. If the actual data exceeds expectations, it may bolster confidence in the US economy, potentially strengthening the dollar against these currencies.
January 10 at 13:30 GMT - Non-Farm Payrolls (NFP) report
The highlight of the week is undoubtedly the Non-Farm Payrolls report set to be released on January 10 at 13:30 GMT. This report is crucial for understanding job growth in the US, with analysts projecting an increase of around 153,000 jobs for December and an unemployment rate holding steady at 4.2%.
Given its potential impact on market sentiment, this report could lead to significant movements in popular trading assets available on Exness, such as USDJPY and USDCAD. A stronger-than-expected NFP could lead to a bullish sentiment for the dollar, while disappointing figures might trigger a sell-off.
Previous data and market expectations
To provide some context, November's NFP report showed that 200,000 jobs were added, surpassing expectations. If December's numbers come in lower than projected, it could raise concerns about economic growth and lead to increased volatility across various asset classes.
Moreover, wage growth figures included in the NFP report will also be closely watched. Rising wages could signal inflationary pressures that may prompt the Federal Reserve to adjust its monetary policy sooner than anticipated.
Trading opportunities with Exness
As you prepare for these events, consider how they might affect your trading strategies with Exness. For instance, if the NFP report shows strong job growth, it could lead to increased demand for commodities like gold (XAUUSD) as investors seek safe-haven assets amid economic uncertainty. Conversely, if job growth is weak, gold prices may experience upward pressure as traders flock to safety.
In addition to forex pairs and commodities, traders should also keep an eye on silver (XAGUSD), which often moves in tandem with gold and can be influenced by similar economic factors.
For those looking to refine their trading strategies or explore new asset classes risk-free, consider using a demo account offered by Exness. This allows you to test your strategies without any financial exposure.
Additionally, having access to the Exness app ensures you can trade on-the-go and stay updated with real-time market movements.
Conclusion
This week presents several opportunities for traders as key economic announcements hit the calendar. The ISM Non-Manufacturing PMI on January 8 and the Non-Farm Payrolls report on January 10 will be particularly influential in shaping market sentiment and direction. By staying informed and prepared for potential volatility, you can position yourself effectively to capitalize on trading opportunities across various assets. Understanding how these economic indicators affect your trades will give you an edge in navigating the markets this week.
This is not investment advice. Past performance is not an indication of future results. Your capital is at risk, please trade responsibly.
Author:
Paul Reid
Paul Reid is a financial journalist dedicated to uncovering hidden fundamental connections that can give traders an advantage. Focusing primarily on the stock market, Paul's instincts for identifying major company shifts is well established from following the financial markets for over a decade.