Forex news to watch out for today

Here are some key Forex news events to watch out for today:

1. US Non-Farm Payrolls (NFP) Report (8:30 AM EST / 13:30 GMT)

The highly anticipated NFP report is expected to show a gain of 180,000 jobs in January, following a 255,000 increase in December. A strong jobs report could boost the US dollar, while a disappointing outcome might lead to a decline.

2. US Unemployment Rate (8:30 AM EST / 13:30 GMT)

The unemployment rate is expected to remain steady at 3.6% in January. A lower rate could indicate a strong labor market, which could support the US dollar.

3. US ISM Manufacturing PMI (10:00 AM EST / 15:00 GMT)

The Institute for Supply Management (ISM) is expected to release its manufacturing PMI for January, which could provide insights into the health of the US manufacturing sector. A higher reading could boost the US dollar.

4. European Central Bank (ECB) Meeting (1:30 PM EST / 18:30 GMT)

The ECB is expected to keep interest rates unchanged, but investors will be watching for any hints on future monetary policy decisions. A dovish tone could lead to a decline in the euro.

5. UK GDP Growth Rate (6:00 AM EST / 11:00 GMT)

The UK's GDP growth rate for Q4 2022 is expected to show a moderate pace of growth, which could influence the pound's performance.

6. China's Caixin Manufacturing PMI (2:00 AM EST / 7:00 GMT)

The Caixin manufacturing PMI is expected to show a slight improvement in January, which could provide insights into the health of China's manufacturing sector.

7. US Treasury Yields (Throughout the day)

Market participants will be watching US Treasury yields, particularly the 10-year yield, which could influence the US dollar's performance.

8. Currency Pairs to Watch:

Remember to stay informed and adjust your trading strategy accordingly.