Wednesday features high volatility starting with ADP Employment at 8:15 am, followed by a critical speech from Fed Chair Warsh at 9:00 am and ISM Manufacturing PMI at 10:00 am. Thursday morning is pivotal as Nonfarm Payrolls and Hourly Earnings drop at 8:30 am, providing the definitive labor market health check. Next Monday at 10:00 am, the ISM Services PMI will further influence rate expectations. Expect significant price action surrounding these key employment and growth benchmarks.
Traders should prepare for heightened volatility in USD pairs and equity indices during the Wednesday and Thursday morning sessions. Focus on the NFP print and Warsh’s commentary for clues on the Fed's next move. Monitor the 8:30 am EST window on Thursday for potential trend reversals or breakouts in the S&P 500.
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.