BY 1;30 PM we are expecting the average hourly earnings m/m with a forecast 0.3% and previous 0.4% and Non-Farm Employment Change forecast 111K below past data of 139K
the rate of Unemployment is forecasted to be lower as monetary team is looking at 4.3% against previous data of 4.2%
but yesterday ADP -33k have given a clue that Non-farm data will come soft which will trigger sooner rate cut by feds.
dollar index and US10Y will be watched to see the direction of investment by investors.
if NON FARM EMEPLYMENT CHANGE AND UNEMPLOYMENT DATA REPORT COMES GREATER THAN FORECAST, DOLLAR AND US10Y WILL RISE AND WE SHORT GOLD ,AUDUSD SELL,GBPUSD SELL,EURUSD SELL ,USDJPY BUY.
THIS IS JUST FOR EDUCATIONAL PURPOSES ONLY.
the rate of Unemployment is forecasted to be lower as monetary team is looking at 4.3% against previous data of 4.2%
but yesterday ADP -33k have given a clue that Non-farm data will come soft which will trigger sooner rate cut by feds.
dollar index and US10Y will be watched to see the direction of investment by investors.
if NON FARM EMEPLYMENT CHANGE AND UNEMPLOYMENT DATA REPORT COMES GREATER THAN FORECAST, DOLLAR AND US10Y WILL RISE AND WE SHORT GOLD ,AUDUSD SELL,GBPUSD SELL,EURUSD SELL ,USDJPY BUY.
THIS IS JUST FOR EDUCATIONAL PURPOSES ONLY.
Trade active
the current position of dollar index is a buy position and this could call for EURUSD,AUDUSD ,GBPUSD,USDCAD SELL ON STRONG DATA PRINT.ON STRUCTURE DOLLAR IS WAITING FOR BUY SIGNAL FROM NON-FAM AND UNEMPLOYMENT DATA.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.