Top economic releases this week: US jobs report to drive markets

<p>The US Economic calendar will be highlighted by the US jobs report which will be released at 8:30 AM on Friday. Canada will also report their employment report on the same date in at the same time. </p><p>Here's a summary of the key economic events for the week, including their scheduled dates, times, and relevant economic indicators:</p><p>Wednesday, January 3:</p><ul><li>JOLTS Job Openings: (Forecast: 8.85M, previous 8.73M)</li><li>10:00am (USD): ISM Manufacturing PMI (Forecast: 47.2, Previous: 46.7)</li><li>2:00pm (USD): FOMC Meeting Minutes. The Federal Reserve dot plot signaled the end of year 2024 rate of 4.6% down from 5.4%.</li></ul><p>Thursday, January 4 (All Day for EUR):</p><ul><li>8:15am (USD): ADP Non-Farm Employment Change (Previous: 210K)</li><li>8:30am (USD): Unemployment Claims (Forecast: 210K, Previous: 218K)</li><li>German Prelim CPI m/m: (Forecast: 0.2%, Previous: -0.4%)</li></ul><p>Friday, January 5:</p><ul><li>8:30am (CAD): Employment Change (Forecast: 13.5K, Previous: 24.9K)</li><li>(CAD): Unemployment Rate (Forecast: 5.9%, Previous: 5.8%)</li><li>(USD): Average Hourly Earnings m/m (Forecast: 0.3%, Previous: 0.4%)</li><li>(USD): Non-Farm Employment Change (Forecast: 168K, Previous: 199K)</li><li>(USD): Unemployment Rate (Forecast: 3.8%, Previous: 3.7%)</li><li>10:00am (USD): ISM Services PMI (Forecast: 52.5, Previous: 52.7)</li><li>JOLTS Job Openings: (Previous: 8.85M)</li></ul><p>Other economic releases/events of importance:</p><ul><li>Richmond Fed Pres. Barkin speaking on Wednesday at 8:30 AM ET. </li><li>UK construction PMI Friday at 4:30 AM ET. 46.1 estimate versus 45.5 last month</li><li>EU core CPI flash estimate. Estimate 3.4% versus 3.6% last month. Headline CPI 3.0% versus 2.4% last month.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.