Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
How will the NFP affect the USD?
Information is not investment advice
The Non-Farm Payrolls are out at 15:30 MT time on December 6.
The October Non-Farm payrolls rose by 128K against the expected 89K. That boosted the USD against the related currencies. However, it also marked a decline in the level of employment as the previous indicators were within the range of 165-180K since July this year. Reports say the economic outlook is gradually improving, in line with the US-China slow but steady progress in trade negotiations. We will see if that impression is supported by the NFP release this Friday, in line with the average hourly earnings and the unemployment rate. If it is, the USD will rise again. This time, the forecast for NFP is 186K.
- If the NFP outperforms the forecasts, the USD will rise;
- If the NFP does not exceed the forecasts, the USD will fall.
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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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