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Nfp

Long on NAS100 until NFP?As per Fed's Daly remarks states that the US needs further rate hikes to combat inflation hence why this current rally on indices and today's miss on JOLTS jobs report. Markets are continually providing volatility which equates to more opportunities for all market instruments. We have been breaking structure to the upside on NAS100 since Monday and all throughout the asian session. I've adapted a short term sentiment to bullish with a final TP 11760.1 I do believe we will see bearish plays come back in on NFP day. I will act accordingly to what the market shows.
OANDA:NAS100USDLong
by nailahLovell
SPX500USD - Market Update: 09/02/2022$SPY (SPX500/USD) 👀 - 🚨Market Update: 09/02/2022 🚨 💎 After the release of the NonFarm Payrolls ( #NFP ) data this morning the US Currency Index ( #DXY ) tanked and stocks and cryptocurrencies rallied. 💎 This is due to the following key takeaways from release, as follows: ✅ (Positive) US Employers added 315,000 payrolls, exceeding the expected 300,000 payrolls. 🩸 (Negative) US Employment rate rose from 3.5% to 3.7%. 💎 Regarding the S&P 500 Index specifically, leading up to today’s NFP release the market had been previously seeking and destroying lower price targets and objectives. Therefore, I am not surprised to see the Dollar tank and Stocks/Cryptos rally, as both need to perform equilibrium pullbacks before reversing to complete one more impulse back in the opposite direction. 💎 I am expecting for us to run the liquidity (stop hunt) above $4,013 to $4,015 before we might start seeing signs of #distribution , before a reversal to mitigate out of the 1h Institutional Sell Candle before moving the market back higher. 💎Timing is key! I cannot say this enough. Price doesn’t know time and time doesn’t know price. Be patient, follow the rules, your trading/investing plan and profitable is in your near future. Trust me! 💎 As always, don't take my word. Do your own research first. Investing involves risks and you accept those risks on your own everytime you enter the #markets. 📊 To View or Save My Chart: #longterm #possabilities #alittleatatime #buildandgrow #time4change #invest #buythedip #staystrong #evs #accumulation #technicalanalysiswanted #technicalanalysis #daytrader
OANDA:SPX500USD
by ElBichotedelosGraficos
XAUUSD - KOG REPORT - NFP!KOG Report – NFP This is our view for NFP today, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile and can cause aggressive swings in price. We’ve had a good run with Gold coming down to another one of our bearish targets which was completed yesterday. If you’re following the KOG reports you will see we’ve been sticking with the plan and still have lower targets that we wish to be completed. Having said that, we were and are expecting a small relief rally at some point, at least back up towards that 1730-35 price point. Whether that be today during NFP or later next week is yet to be seen. For todays chart we will be as usually concentrating on the key levels rather than the immediate support and resistance levels. We have a bounce from the low which has hit the long target we wanted, however, there is a pool below which is yet unvisited. For that reason we are happy to wait for this move to commence (if they haven’t priced it in already) and, if we get the lower levels first with support confirmed, we feel an opportunity to go long will be available to take this up for a small rally back up above the 1700 level. If however, we move to the upside first, we feel an opportunity to short the market from the higher resistance levels (based on a clean resistance) would be on the table. Right now, support stands at the 1700-03 level and our bias is to the upside. We don’t have long to complete the move so any downward pressure could be limited. As we’ve said above, lately the news releases have all been priced in as the markets are reacting instantly to most of the hearsay. This will have to be a surprising number for it to move aggressively so take this report as a guide for now. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
7
LULU: Fade the rally!Lulumelon Athletica Short Term - We look to Sell at 329.26 (stop at 346.16) They reported better than expected earnings and the stock jumped up premarket. The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 332.00. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 284.68 and 272.00 Resistance: 332.00 / 410.00 / 478.00 Support: 283.00 / 246.00 / 129.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:LULUShort
by VantageMarkets
NonFarmPayroll Prep (EURUSD)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings . If the data is released better than expected, the USD should strengthen. The EURUSD has found a wide trading range of 0.99 and 1.009 as price bounces between the two levels. More specifically, Price of the EURUSD has seen volatility around the parity level. If the DXY strengthens on the release of the news, the EURUSD could trade towards the 0.99 support level again, and might not find further downside. However, if the DXY does show weakness from a disappointing NFP event, the EURUSD could trade towards and beyond the 1.009 level, with 1.020 a possible target level.
Long
by JinDao_Tai
2
NonFarmPayroll Prep (GBPUSD)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings . If the data is released better than expected, the USD should strengthen. Seriously, how low can the GBPUSD go? Overnight the GBPUSD spiked lower to the 1.15 support level before consolidating at 1.1550 for today, in the leadup to the NFP event. If the DXY signals further strength, more downside on the GBPUSD is expected. However, look out for highly volatile price action where the price could spike lower, bounce, consolidate and spike again. The key support level for the GBPUSD is at the 1.14 level and at the bottom of the channel. If there is weakness in the DXY, the GBPUSD could bounce towards 1.165 but it would be dangerous to buy into such a strong downtrend.
Short
by JinDao_Tai
NonFarmPayroll Prep (USDJPY)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings. If the data is released better than expected, the USD should strengthen. Is the USDJPY likely to continue climbing higher? Or is it set up for a strong reversal? Typically strong US NFP employment data is would result in a strengthening of the DXY and for the USDJPY to climb higher. The USDJPY could climb towards the 142 resistance area before possibly staging a strong reversal, as the Stochastic look to turn out of the overbought area. On the reversal, the first target level would be the 139.40 support level.
Long
by JinDao_Tai
NonFarmPayroll Prep (NZDUSD)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings. If the data is released better than expected, the USD should strengthen. The NZDUSD has a strong descending trend line that applies downward pressure on price. But, the NZDUSD currently trades just above the 0.6060 support level. If the price breaks lower, there is little support until the 0.5930 price level (which was last reached in may 2020). Consider the possibility that the NZDUSD could find a significant upside move in the event of a surprise/bad data release from the US. If the price breaks above 0.61 and the diagonal trendline, the NZDUSD could climb towards 0.6158 and even 0.6250.
Long
by JinDao_Tai
NonFarmPayroll Prep (AUDUSD)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings. If the data is released better than expected, the USD should strengthen. The AUDUSD is currently retracing from the overnight's move lower, with price currently at the 0.68 level. If the DXY strengthens, look for price to close below the 0.6725 level before a sustained move to the downside, towards 0.6680 support level. But if the data fails to surprise or the DXY weakens, the AUDUSD could climb higher towards the 0.6843 level. Not idea to try buying the AUDUSD to the upside. Would be better to stay out.
Short
by JinDao_Tai
NonFarmPayroll Prep (DXY)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings. Even a day before, the DXY shot up from the 109 level to test the 110 price level, opening up the possibility of a priced-in scenario. Typically the currencies sit in a tight consolidation in the leadup to the data release, but this time, the DXY is actually dropping before the news. The DXY could drop lower towards the 109 level (and bottom of the upward channel) before the news or on the release of the news. If the data is better than expected, the USD should strengthen, pushing the price from 109 to 109.50 and possibly even the 110.50 target level. If the price breaks below the 109 level and beyond the channel, the DXY could continue lower towards the next support level of 108.20 before a possible bounce.
TVC:DXYLong
by JinDao_Tai
EURUSD before NFP Yesterday this pair broke below 0,9980 confirming the downside move. Today is the first Friday of the month and we have NFP coming out. There will be volatility during the news and we could see further confirmation to the downside. The levels below the parity will act as resistance and we will expect that price should reject them and eventually form a new low. Once we break below 0,9900 we should see 0,9800 next! Stops should be above 1,0090 in case of price rejecting the mentioned levels.
by ForexTrendline
5
Could today’s NFP confirm the USD breakout? Hello all, welcome to today’s update. Today’s video focuses on the USD index after buyers made another strong move in yesterday’s NY session. In today’s video, we run over the price current price action and trend structure after buyers made a breakout yesterday, clearing 109 resistance that held buyers back during this week. The USD continues its fantastic run in 2022 as Fed policy maintains buyer demand. Price jumped to new 2022 highs yesterday and continues to track nicely on its current fast trend. Attention moves to today’s US employment data, as this could maintain the run or lead to a pullback as traders will be waiting to see if we see another hot payroll figure. The last several releases have beaten expectations and come in hotter, so if we do see this pattern continue, will this be the confirmation for yesterday’s resistance break? We think a lower figure will most likely have a negative effect on the USD index and could cause a failed break. Attention could also be on major risk currencies like the EUR, AUD and GBP as they sold off yesterday, and if we see another push higher on the USD today, this could continue their pain. Tonight’s US employment data will be released at 10:30 pm AEST / 8:30 am ET. Thanks for stopping by to check out our latest analysis. Enjoy the rest of your day and your weekend.
EIGHTCAP:USDX
by Eightcap