With the continuous changes in the global landscape, it is important for traders to stay up to date on the events that are impacting the forex market. This week, the focus is on the potential for economic downturns, trade wars, and other key events that have the potential to heavily influence exchange rates. In this article, we will look at the global events that are influencing forex this week and what they mean for traders. 1. US Non-Farm Payrolls: The US Non-Farm Payrolls report for the month of August is due out on Friday, providing investors with an insight into the strength of the US labor market. This report is expected to show that the US economy added around 1.4 million jobs in August, while the unemployment rate is expected to remain unchanged at 8.4%.
2. Chinese Yuan (CNY): China is expected to devalue the Yuan in order to cushion the impacts of US tariffs. This move could have a considerable impact on global forex markets and is something all traders should be keeping an eye on.
3. European Central Bank (ECB): The ECB is due to hold its monthly monetary policy meeting on Thursday. Any decisions on rates or easing measures could shape the euro’s future performance.
4. Bitcoin: Cryptocurrency markets have been incredibly volatile of late, with Bitcoin slipping to its lowest levels since May. The digital currency could continue to see significant price swings this week.
5. Oil Prices: Oil prices have started to fall thanks to a stronger US dollar, increasing fears of oversupply. This could also affect the forex markets if it continues to fall.
Benjamin Gentry 
Simon Cristian