Summary for Important News for Wednesday December 1, 2021
ZFX – Here are the top news for today:
- The US will announce the ADP Non-Farm Employment Change numbers for the month of November. which is expected to 525,000 positions. Therefore, investors are advised to be cautious or avoid trading the USD pair during these periods as they may experience short-term price volatility.
- Today is the second day Fed Chairman Jerome Powell will address and answer questions before the House Financial Services Committee. Therefore, investors are advised to be cautious or avoid trading the USD currency pair during the hours after 10.00-23.00. Because there may be short-term price volatility during the response period.
- The ISM Manufacturing PMI for November will be released. It is estimated at 61.3, so investors are advised to be cautious or avoid trading the USD pair during these periods as short-term price volatility may occur.
- Jerome Powell said inflation is not temporary and will last a long time. Therefore, the Fed must hurry to implement the tapering faster and more than originally planned. The conclusions will be discussed in the December meeting. As a result of this remarks, the dollar immediately strengthened in the short term yesterday.
Risk Warning: The above content is for reference only, and does not represent ZFX’s position. ZFX does not assume any form of loss caused by any trading operations carried out in accordance with this article. Please be firm in your thinking and do the corresponding risk control.
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