EUR/USD is surging despite the worse-than-expected German GDP, gold is approaching the all-time high and GBP/USD is edging up for the 11th day in a row.
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.
Everything you need to know for the first week of August