Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Fly with the USD on NFP!
Information is not investment advice
The US Non-Farm Payrolls are announced on Friday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
In the last three months, the US economy has been doing pretty well from the side of the labor market. In July, 1.76mln jobs were added into the economy after a stunning spike of 4.8mln jobs in June. In the meantime, the USD has been strategically losing value against most of its counterparts since June. That’s why beating the market expectations this Friday would be a very timely boost for the USD to regain its power and status as the safe-haven asset – especially in view of the nearing US elections in November.
- If the jobs data is better-than-thought, the USD will get stronger.
- Otherwise, it will lose value.
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Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
The US Labor Market And Real Estate Market Are In Focus This Week
Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.
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