🚨🇺🇸 TODAY'S ECONOMIC AGENDA (11/02)

🔥😁 An important day for the markets. Total focus on employment and wages in the USA.

⏰ Releases at 10:30 AM:

📊Payroll (Jan)

     ↳Projection: 66K | Previous: 50K

Main labor market data. Measures job creation outside the agricultural sector.

📊Unemployment Rate (Jan)

      ↳Projection: 4.4% | Previous: 4.4%

📊Average Hourly Earnings (Jan)

      ↳Projection: 0.3% | Previous: 0.3%

This is the most sensitive data for inflation. Strong wages = inflationary pressure.

❤️‍🩹If the payroll comes in strong, with wages accelerating, it reinforces the idea of a heated economy.

If it comes in weak, it raises expectations for cuts, weakens the dollar, and supports risk assets💵😂