High-impact Nonfarm Payrolls at 8:30 am EST Friday (tomorrow) and CPI in 6 days on Wednesday at 8:30 am EST are primary volatility drivers. Today, Thursday, features Initial Claims at 8:30 am EST and Fed speeches from Schmid at 12:00 pm EST and Daly at 1:10 pm EST. Traders should hedge before Friday's NFP; a labor miss could trigger a sharp $USD sell-off while sticky CPI data next week may delay anticipated rate cuts.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. We are not financial professionals. The authors and/or site operators may hold positions in the companies or assets mentioned. Always do your own research before making financial decisions.
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.