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

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Trading plan for March 8

Information is not investment advice

Markets are waiting for the NFP release (15:30 MT time). The forecast is weak. As a result, the USD has been suffering ahead of the event. However, the situation may differ if the actual data is greater than the forecast. It's not a secret that the American jobs release will cause high volatility on markets. Be careful!

Canadian jobs data is also in the economic calendar. The time of the release is similar to the American one. Not a good idea to trade USD/CAD but you can consider other currency pairs such as CAD/JPY.

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