Hello Traders With EURUSD its better to do mini chart, everyday, every news can change this valuation Scenario 1 ------------- I expect a retracement to 1.18370 Scenario 2 ------------- Reversal Around 1.17 Tomorow i expect a small move before NFP Meeting on Friday 03/09/2021 (Huge Impact on USD) Good Luck, this is just a idea not a financial advise
Forecast 03 September 2021 The U.S. Federal Reserve has repeatedly made it clear that the main criterion for winding down support measures would be a stronger labor market. Most interestingly, after disappointing data in July, where unemployment rose to 5.9%, we saw a strong strengthening in August, with unemployment falling to 5.4%. Many analyst agencies have...
A majors-based US Dollar Index , one that averages USD against EUR, JPY, GBP and AUD, declined this past week. Prices confirmed a bearish Evening Star candlestick pattern, hinting at further losses in the near term. Still, the broader uptrend since June still remains in play. A bullish ' Golden Cross ' between the 50- and 200-day Simple Moving Averages is in...
After very good fundamental news in last week, we experienced 2 bull Daily candles in according to ISM service and Non-farm Payroll events. This signals a retest of the last high also, a neckline of the Double Bottom pattern. If a break from this level at 93.30 would provide a clear path for the Double Bottom pattern to form and measured move may lead to 97.x...
KEY POINTS: In July, 943,000 jobs were created Highest figure since August 2020; main driver of this strong increase is the Leisure and Hospitality sector Number of jobs created in June was revised upwards from 850,000 to 938,000 Number of jobs created in May was also revised upwards from 583,000 to 614,000 Total number of jobs at the moment is...
Following last week's Fed meeting, it was clear that the central bank was only putting off hawkish rhetoric, but was not ruling it out in the near future. Consequently, the basis for expectations is there, we just need data that would indicate that the economy continues to grow. The hope is the U.S. unemployment report coming out this Friday. It is expected that...
During the last 10 months the correlation of surprises for ADP Nonfarm employment change and Nonfarm payrolls is positive (58%). This means that if we saw a negative ADP nonfarm employment change on Wednesday, we should see a negative nonfarm payroll today. This is however not certain. In fact, the February ADP came out with a -34% negative surprise while the NFP...
USDJPY has traded into channel resistance prior to the USD Non Far Payrolls (NFP). NFP shows the number of new jobs in non farming sectors. Technically the pair is at channel resistance, and the RSI has given a sell signal. We anticipate continued downside into 110.76.
Predicting less employment change than expected. Higher unemployment than expected.
We are expecting the publishing of Non Farm Payrolls today. This is a very important news which will cause some big moves. Be careful with any positions that you open prior to that! We found an opportunity on EURJPY. This pair won't be affected by the USD, but the EURUSD and USDJPY instead. No matter if we see a negative or positive news later on today we are...
During the current European session the trend of EURUSD will change. The current downward trend started last Friday and is about to end today. The Dollar gained about 130-140 pips in this period of 4 days. For today the key event is ISM Manufacturing PMI(May) at 14:00 GMT. But overall the key event that everyone is waiting for is Friday Non-farm payroll report. It...
Hello Traders TGIF, After having our profits shorting XAUUSD, Today low nonfarm payroll data showed US Economy is not ready to reach expected rebound. Gold seemed to finish its correction period and ready to gain momentum to reach my long term targets. Price should stay above 4H MA50 priced 1895 right now. I opened my long position at 1875 and my short term...
In this video we look ahead to NFP and share our insights into how the market could move during and after the NFP report. In this video we look at EURUSD levels to watch, however its important to be considering all USD pairs (and stock indices) for how they may move in response to the NFP report later.
The April U.S. jobs report partially justified the Fed's reluctance to adjust the parameters of the QE, as the economy created only 266,000 jobs and the unemployment rate rose to 6.1%. However, commodity markets continue to call out that price pressures have reached levels that pose a real danger to the economy. Frenzied inflation is hard to get under control....
Still looking for potential shorting opportunity's on this pair after NFP day once storm passes
US Non-farm Payrolls up 916K in March, unemployment rate dropped from 6.3% to 6%. The March Manufacturing PMI registered a record high 64.7 percent, and the March Services PMI registered at a 16-year record high 63.7 percent. As we mentioned before, the US economy in Q2 would be benefited by the Manufacturing and Services industry. MM Analysis US Non-farm...
USDJPY has risen significantly since non payrolls earlier this month due to rising US yields and the current risk on environment with equities reaching time highs. We anticipate further upside for the currency pair if prices consolidate above resistance at 109.878 as we await key data this week including ISM manufacturing and non farm payrolls.
When we see the chart, PAYEMS falls at a 90 degree angle, whether that's what causes recovery is also fast ? Note : Economic Data Overview : This not trading