Critical Nonfarm Payrolls and Hourly Earnings data release Thursday at 8:30 am EST, with high volatility expected as markets assess labor market cooling. Fed's Daly speaks twice Thursday starting at 8:05 am EST. Monday features the ISM Services PMI at 10:00 am EST, followed by the high-impact FOMC Minutes on Wednesday at 2:00 pm EST. Traders are monitoring these releases for clues on the Fed’s next move amid persistent inflation concerns.
Watch for a potential USD sell-off if NFP misses expectations, signaling a dovish shift. Monitor the FOMC Minutes on Wednesday for hawkish dissent that could spike yields. Scalpers should prioritize the 8:30 am EST window Thursday for maximum liquidity.
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.