September NFP data has been mostly lower than the forecast, but usually not too far apart.
NFP should be considered good enough for a gradual rate hike if it's more than 160k, and as long as there isn't any sudden big difference in the unemployment rate and average hourly earnings.
My view is that the price may go up first when the actual is lower than the forecast.
Once the price is seen resisted at either one of the two supply zones, and as long as data showed is not lower than 160k, the price should be able to make another wave of depreciation.
NFP should be considered good enough for a gradual rate hike if it's more than 160k, and as long as there isn't any sudden big difference in the unemployment rate and average hourly earnings.
My view is that the price may go up first when the actual is lower than the forecast.
Once the price is seen resisted at either one of the two supply zones, and as long as data showed is not lower than 160k, the price should be able to make another wave of depreciation.
Note
Data came out to be better than expected. Target profit at 1184.
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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.