In 2023, bullish markets reached all-time highs, except for crude oil. As 2024 begins, attention turns to upcoming trade indicators. The mantra "as goes January, so goes the year" lingers. Notable data releases this week include job reports, starting with JOLTS job openings on Wednesday, ADP nonfarm employment change, and unemployment claims on Thursday, and the unemployment rate and nonfarm employment change on Friday.

Job numbers are crucial, considering the Fed's focus on employment in its dual mandate. Manufacturing and Services data from various countries this week are staggered, creating potential trading opportunities due to increased market volatility.

Manufacturing data from Spain, Italy, France, Germany, EU, England, Canada, and the US releases throughout Tuesday and Wednesday. Services data similarly are released, starting Thursday and ending on Friday, mainly focusing on the US data.

The abundance of data could impact various markets, creating fluctuations. With a shorter trading week due to the New Year, anticipate lighter trading volumes. Wishing a prosperous New Year, particularly in US equities, currencies, and futures markets.

For more information, please visit tradingacademy.com