Weekly Market Outlook: US Debate And Employment Figures In Focus

Last week, volatility rose sharply across all markets as traders prepare for another big week of economic events. On Tuesday, September 29, the first US presidential election debate between Donald Trump and Joe Biden is set to take place and traders will be watching the opinion polls after very closely.

But for US markets, the risk factors do not stop there. On Friday, October 2, the US releases its latest Non-Farm Payroll and Unemployment figures in what is typically the most anticipated news event for the month. The market is expecting a fall in the unemployment rate and any surprises could add more fuel to the recent volatility.

Another round of Brexit talks is also set to resume this week, which could keep the British pound high on traders' watchlists. Amid these high impact political events, markets are also dealing with the second wave of coronavirus which is spreading throughout Europe and has helped traders flock to the US dollar.

 Forex Calendar provided by Admiral Markets UK Ltd.

Source: Forex Calendar provided by Admiral Markets UK Ltd.

 

Key economic reports and markets to watch

Trump vs Biden Presidential Debate Tuesday

The first US presidential election debate is set to take place this week in Cleveland, Ohio. There are three presidential debates overall with the next one on 15 October in Miami, Florida and the last one on 22 October in Nashville, Tennessee. They all take place 02:00 - 03:30 GMT (21:00 - 22:30 ET).

Election debates can have a huge impact on financial markets as the candidates are on their own and do not have the support of their campaign staff. The format for the first debate is for the candidates to answer six questions across six segments with fifteen minutes each. This includes the candidates' previous records, the Supreme Court nomination, the coronavirus pandemic, race protests, election integrity and the economy.

US Non-Farm Payroll Friday

On Friday, the Bureau of Labor Statistics in the US will release the following economic figures at 1.30 pm BST:

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Disclaimer: The given data provides additional information regarding all analysis, estimates, prognosis, forecasts or other similar assessments or information (hereinafter "Analysis") ...

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