Hello traders,
We are all are awaiting the #USNFP Last Month reading was 272K which falls above average, where we had 4 Months before the reading were between 142K and 160K, and the hot readings were between 280K and 300K.
NFP Bullish case
NFP reading above the 191K forecasted and up tp 280K the higher the reading the stronger the effect.
Effect on #DXY = Very Bullish
Effect on #Gold = Very Bearish
Effect on #Stocks= This could be bearish first then bullish, and the reason behind is when we get High NFP numbers it means the Demand still high, sales are good, economy doing well, companies will make profit and share prices are going higher.
On the Other side, It means #FEDS wont cut rate sooner, and this will keep of cost of loans high for the companies, and this will show as Cost, consequentely the Net Profit will decrease, and this could lead to stock prices to fall.
ADP numbers were low and this could give us heads on #NFP will be between 180-160 Range and this will be very bullish for GOLD. and extremely negative for #DXY.
Best Luck.
We are all are awaiting the #USNFP Last Month reading was 272K which falls above average, where we had 4 Months before the reading were between 142K and 160K, and the hot readings were between 280K and 300K.
NFP Bullish case
NFP reading above the 191K forecasted and up tp 280K the higher the reading the stronger the effect.
Effect on #DXY = Very Bullish
Effect on #Gold = Very Bearish
Effect on #Stocks= This could be bearish first then bullish, and the reason behind is when we get High NFP numbers it means the Demand still high, sales are good, economy doing well, companies will make profit and share prices are going higher.
On the Other side, It means #FEDS wont cut rate sooner, and this will keep of cost of loans high for the companies, and this will show as Cost, consequentely the Net Profit will decrease, and this could lead to stock prices to fall.
ADP numbers were low and this could give us heads on #NFP will be between 180-160 Range and this will be very bullish for GOLD. and extremely negative for #DXY.
Best Luck.
Note
NFP Chart , the upper range is the 300K and the low range is the 140K , Last Months was 272K and this months forecatsed at 191K, but we could see lower than 191K may be between 160-180 K . As ADP numbers were very low, so we should see NFP also low.
Note
USA Unemployement rate #UNRATEIt is very important to watch the UN Rate, as it rises it indicates we are heading to recession, and one of the #FEDS target is to Maximize Emplument rates.
The Lowest was 3.3% and last Month was 4.0 % and This Month forecast is 4.0%, but witth ADP numbers and JOLTS Jon opening low, we could see #UNRATE climb up to 4.1-4.2%
Check this out
Trade closed: target reached
Closed after the Inflation news.
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signalsview.com
Contcat us to activate systems and access trading signals
Contcat us to activate systems and access trading signals
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.