ADP nonfarm payroll. USA, 15:15 (GMT+2) 06 Dec

06Dec.202314:15

ADP nonfarm payroll. USA, 15:15 (GMT+2)

At 15:15 (GMT+2), the US will publish November data on the number of non-farm payrolls from Automatic Data Processing (ADP). They reflect changes in the number of jobs in the non-agricultural sector and are based on a survey of about 400.0K business sources. The indicator is considered a leading indicator of federal employment data. The value is expected to increase from 113.0K to 128.0K, supporting the American dollar.

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06 Dec. 2023 14:30

Trade balance. Canada, 15:30 (GMT+2)

At 15:30 (GMT+2), October trade balance data will be published in Canada. This indicator records the difference between the amount of payments for exported and imported goods; its increase is a positive factor for the national currency. The trade balance is expected to adjust from 2.04B Canadian dollars to 1.50B Canadian dollars, putting pressure on the Canadian dollar.

06 Dec. 2023 15:00

Interest rate decision. Canada, 16:00 (GMT+2)

At 16:00 (GMT+2), the Bank of Canada will announce its interest rate decision. The regulator is expected to keep the value at 5.00%. The accompanying statement may contain an assessment of the current situation and immediate prospects for the Canadian economy, as well as hints on further actions by the financial authorities.

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