Crypto Market Changes The Trend
Happy Tuesday, dear traders! Here’s what we follow:
Will the NFP be strong this time?
Information is not investment advice
What will happen?
Non-Farm Payrolls are published on June 4, 15:30 GMT+3.
Last time, the market was rather unimpressed with the US economic data. While the Average Hourly Earnings of 0.7% were significantly higher than the expected 0.0%, the other two hey indicators underperformed: the Non-Farm Employment Change was 266K against the forecast of 990K, and Unemployment Rate of 6.1% turned out to be notably higher than the expectation of 5.8%.
How to trade the NFP data?
As a result of the market disappointment in the above case, the USD dropped upon the release of the data and continued into fluctuation later on. Therefore, although most observers should be now prepared for rather weak data in the coming release, there is always room for a surprise – in whichever direction it drives the USD.
- If actual figures exceed expectations, the USD may rise;
- If data is weak, the USD may drop.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD, USD/CAD
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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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