Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE

View
AUD/JPY:  Risk keeps more cautious before NFP

AUD/JPY: Risk keeps more cautious before NFP

Information is not investment advice

2021_03_05_15_01_02_Template1_Autosaved_.pptx_AutoRecovered_PowerPoint.png

AUDJPYM30,.png

2021_03_05_15_09_49_Template1_Autosaved_.pptx_AutoRecovered_PowerPoint.png

GBPUSDM30.png

Ichimoku Kinko Hyo

AUD/JPY: The pair is trading below the cloud. A downward pressure would lead the pair to exit further the cloud, confirming a bearish outlook.

AUDJPYM30.png

Fibonacci Levels

 XAU/USD: Gold facing a further weakness and touches another full retracement area. Gold continues to touch session lows for another day.

XAUUSDH4.png

US Market View

U.S. stocks are seen opening mixed Friday, in cautious trading after the previous session’s sharp sell-off, ahead of the closely watched monthly employment report. Stocks could rebound Friday, but any gains look tepid as U.S. Treasury yields remain elevated. Federal Reserve chair Jerome Powell shrugged off investor fears about rising inflation, stating on Thursday that the central bank’s ultra-loose monetary policy was here to stay given the uneven economic recovery.

In the corporate sector, the big tech names will again be in focus as investors think twice about owning high valued companies like Tesla, which is now 30% lower than its record high earlier this year.

Action in stocks and bonds seems likely to remain muted at least until 8:30 AM ET, when the monthly labor market report will be released. Analysts expect the U.S. economy to have added 182,000 nfp in the month through the middle of February, which would represent a second straight monthly improvement in hiring. However, analysts will also be watching what happens to the labor force participation rate, which fell to its lowest since June in January as discouraged workers stopped looking for work.

USA Key Point

  • Risk keeps more cautious, Treasuries calmer for now.
  • Dollar rallies further on post-Powell momentum.
  • The Fed will inevitably move to yield curve control.
  • EUR/USD falls to fresh three-month lows as the dollar holds firmer on the day.
  • USD/JPY extends upside run to highest levels since June last year.
  • OPEC keeps the oil party unstoppable.
  • Germany January factory orders +1.4% vs +0.5% m/m expected.
  • US futures creep higher ahead of North American trading.
  • Cable slumps to three-week low amid dollar strength

Similar

Popular

Microsoft: earnings report on July 27

What will happen?  Microsoft, the US IT company, will present its earnings report for the second quarter on July 27 after the stock market closes (23:00 GMT+3)…

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later