NFP forecasts from 10 major banks
Today is the big day! Investors are waiting for NFP at 15:30 MT time. NFP shows the change in the number of employed people during the previous month, excluding the farming industry. Today it will reveal the employment change in May. Its one of the most important indicators for all traders as it causes strong market movements. Here below youll find predictions from 10 major banks. Their forecasts vary from -2.2 million to -10 million. The most common one is -8 million.
The ultimate guide for trading DAX30
In the unstable market realities, we obviously tend to pay more attention to the movements of SP and NASDAQ in order to get a complete picture of the situation in the stock market. At the same time, we forget that these indices reflect mostly the performance of the American equities. That is, for assessing markets of specific countries and for taking advantage of the regional news, you need to consider the domestic indices. These indices comprise the best-capitalized companies of a particular country. For example, the main barometer of the economic conditions in Germany is DAX30, which tracks the value of the 30 biggest companies trading on the Frankfurt Stock Exchange (FSE). Traders like this index for many reasons. One of them is, of course, Germanys status of the leading economy in the Eurozone. That is, the index takes into account the situation in Europe as well as in Germany.