The markets are currently bracing for a softer-than-expected NFP print, driven by weak ADP data and U.S. demographic headwinds. If the numbers come in below consensus, it would open the door for USD‑short trades and entries into gold or equity indices. Conversely, a stronger release would warrant watching for a rebound in the dollar and Treasury yields. This report will also shape expectations around Fed policy and the likelihood of a rate cut in September.
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.
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.