ISM Manufacturing PMI arrives today, Thursday, at 10:00 am, followed by a wave of Fed speeches. Tomorrow, Friday, at 8:30 am, the critical Nonfarm Payrolls and Hourly Earnings reports will likely dictate the Fed's next rate move. Next Monday features ISM Services PMI at 10:00 am, while the FOMC Minutes on Wednesday at 2:00 pm offer insight into recent policy shifts. Expect high volatility as markets digest labor strength versus cooling manufacturing trends.
Traders should prepare for sharp moves in the dollar and equities following Friday's jobs report. Use tight stops around Wednesday's FOMC Minutes to navigate potential shifts in interest rate expectations.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.