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06.09.2019 15:35

Eurozone GDP and U.S. NFP amongst market movers today – Danske Bank

Danske Bank analysts note that the U.S. labour market report is due today and it will be a key economic release for the session.

  • “The U.S. labour market has shown weakness for a while, so we think it is important to keep an eye on employment growth, which is an important recession indicator. We expect employment growth to come in around 164,000. Further, we estimate average hourly earnings rose 0.30% m/m in August, unchanged at 3.1% y/y.
  • In the euro area, focus will be on the final Q2 GDP estimate, as we will get detailed information about the GDP components for the first time. The flash estimates showed that the euro area economy is limping along with a growth rate of 0.2% q/q. We will look out for how domestic demand contributed to the Q2 growth, as signs increasingly show that domestic demand is starting to feel the pinch as well.
  • The Bank of Russia is expected to deliver a 25bp cut to the key rate to 7.00%.”


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
Session Financial Centres UTC/GMT
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Pacific Wellington 19:00 04:00 22:00 07:00 22:00 07:00
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Sydney 21:00 06:00 00:00 09:00 00:00 09:00
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Asian Tokyo 23:00 08:00 02:00 11:00 02:00 11:00
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Hong Kong, Singapore 00:00 09:00 03:00 12:00 03:00 12:00
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European Frankfurt, Zurich, Paris 06:00 15:00 09:00 18:00 9:00 18:00
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London 07:00 16:00 10:00 19:00 10:00 19:00
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American New York 12:00 21:00 15:00 00:00 15:00 00:00
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Chicago 13:00 22:00 16:00 01:00 16:00 01:00