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Nfp

Euro breaks below 1.01 - is parity next?It continues to be a miserable July for EUR/USD, which has declined 3.12%. The euro continues to deliver fresh 20-year lows, dropping to 1.0071 late in the Asian session. The euro has since recovered most of today's losses, but the psychologically-important parity line is getting closer by the day, as the euro continues to stumble. On the economic front, US nonfarm payrolls outperformed, with a reading of 381 thousand, well above the consensus of 240 thousand. The ECB released the minutes of its June meeting on Thursday, with investors hunting for clues about the lift-off hike at the July meeting. The minutes didn't provide any new insights, which could be a disappointment but shouldn't really be all that surprising. The July 21st meeting will be live, with a modest 25bp increase being the most likely scenario, with another rate hike to follow in September. Still, the ECB has not shut the door on a larger hike at the upcoming meeting, and we have recently seen higher-than-expected moves by the Federal Reserve and other central banks. Lagarde & Co. will be keeping a close eye on next week's inflation reports out of Germany and France, the two largest economies in the eurozone. If inflation remains unchanged or dips lower, it will provide ammunition for the doves who are content with a 25bp move. Conversely, a rise in inflation will put pressure on the ECB to respond with a 50bp increase. Another factor in the rate decision could be the exchange rate. A weak euro is attractive for exports but also contributes to inflation.  The euro hasn't been at parity with the US dollar since 2002, and some ECB members may feel that the central bank's credibility is on the line if the euro continues to slide and falls below parity. EUR/USD tested support at 1.0124 and 1.0075 in the Asian session There is resistance at 1.0221 and 1.0324
by OANDA
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. After the bearish pressure we’ve seen on Gold this week we’re not seeing the price range tight and start to accumulate orders in this range. We can see the price needing to go up but being supressed so we suggest caution with this NFP. The levels above are limited if there is to be more downside on this but shorting the market here isn’t a great idea! We’re in the same level as the previous short squeeze which has been used to propel the price in either direction. For that reason we would say wait out the NFP move, don’t get involved in trying to trade it unless you see the extreme levels targeted. They will take the price to where they want to buy or sell, so control the FOMO and look for the extreme high or lows on the chart. We’re going to illustrate the immediate moves but we’re not likely to be trading this event. Levels below: 1730-25 below that 1705 Levels above: 1745-55 above that 1775-80 Its a short on today, no scenarios as we've still got the FOMC report layout in play so please use that as reference if you need more clarification. Hope this helps in preparation for NFP, we will update you as we go along as we usually do. 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
OANDA:XAUUSD
by KnightsofGold
11
BITCOIN - Intraday Chart: Waiting for the NFP!NFP - employment data coming out in 5 hours and it WILL be MASSIVE! FXPROFESSOR is the well-earned nickname but Bitcoin enthusiast is the identity here. Yes, we do trade Bitcoin as a Forex trade these days, both technically and fundamentally (as well as sentimental too). SENTIMENT: NFP i would guess will be Positive, just a well calculated 'feeling' based on what i read and how i 'read' the situation FUNDAMENTALLY: Positive for the next 2 weeks (NFP+CPI inflation data releases), very complicated after that (GDP release will show recession or not). TECHNICALLY: Bullish, find my levels on my updated chart. 21300 and then higher would be my 'wild guess' but don't ever count on it. Wait for the volatility at NFP time (13:30 London time). One Love, the FXPROFESSOR
BITFINEX:BTCUSDLong
by FX_Professor
10
Canadian dollar eyes job data in Canada, USThe Canadian dollar is back below the 1.3000 line today. USD/CAD is trading at 1.2987 in the North American session, down 0.37%. On the economic calendar, Canada's Ivey PMI was a major disappointment, slowing to 62.2 in June from 72.0 in May (74.0 exp.). Friday's focus will be on job numbers, with both Canada and the US releasing employment reports for June. Canada is expecting a modest gain of 23.5 thousand new jobs, down from the 39.8 thousand gain in May. With the unemployment rate forecast to remain unchanged at 5.1%, the US numbers could prove to be more interesting to investors. US nonfarm payrolls used to be hotly anticipated as one of the most important indicators, but NFP has taken a step back as inflation and Fed rate policy have become the main focus of the markets. Still, tomorrow's NFP could be a market-mover, as investors may rely on it for guidance on the health of the US economy. Investors are hearing the "R" word bandied around more often, as fears of a recession in the US are rising. The economy showed negative growth in the first quarter, and another quarter of contraction would officially signify a recession. If NFP misses expectations, investors could view it as a sign that the economy is losing steam. That could well make the Fed ease up rate hikes and push the US dollar lower. The consensus for NFP stands at 275 thousand, after a gain in May of 390 thousand. Canada has not been immune from soaring inflation, as headline CPI rose to 7.7% in May, its highest level since January 1983. Similar to the Federal Reserve, the Bank of Canada has scrambled to tighten policy in order to wrestle down inflation, which has become the central bank's public enemy number one. There are expectations that the BoC may follow the Fed's lead and deliver a super-size 0.75% rate hike at its July 12th meeting. Inflationary pressures are broad-based across the economy, which raises the risk of inflation and inflation expectations becoming entrenched, something the BoC is keen to avoid. 1.3038 is a weak resistance line. Above, there is resistance at 1.3109 USD/CAD has support at 1.2961 and 1.2813
by OANDA
MEDIUM TERM OUTLOOK ON THE DOLLARFor the longest time, I have been debating whether or not to begin posting my trading sentiments since the trading community I look after & am a part of is a very private one. That said. we are in unprecedented times, a lot of people do not know what is coming their way. nevermind how to protect themselves/ take advantage of relevant opportunities. So I have decided to help those who are looking to understand financial markets not only from a trading perspective but from an actual investing perspective. So as my first post, let's take a look at a currency that impacts the rest of the global & emerging market currencies & that can help you plan your trading approach over the next 3 - 6 months. But before we do that kindly understand the following: As a former investment bank trading analyst. There is absolutely noway you can incorporate technical analysis without fundamental analysis. When I see retail traders/people just speak about technical analysis and understand nothing about fundamental dynamics & how it affects trading pairs/executions/decisions as a whole, not only do I laugh but it also makes me understand why there is truly only 5-10% of retail traders globally that are consistently profitable. But enough about that, let's get to the charts! DOLLAR INDEX OUTLOOK: Fundamental ( DOWNSIDE ): If another rate hike takes place & MONKEYPOX cases cross the 10K margin in the US &/or employment numbers (NFP) drop. Technical ( DOWNSIDE ): Should the above fundamental case happen, trading opportunities can be taken advantage of through the WXY scenario, where X represents the entry-point. Fundamental ( UPSIDE ): A rate hike & more stimulus money will see the dollar go up. Mid-term elections being favourable would also send the dollar much higher. Technical (UPSIDE ): The above fundamentals taking place would allow scenario ABC to take effect with point B representing the optimal entry-point for relevant trades. Let us see how it plays out, as for exact entry points and iterations to this post as time goes on, that will be given to members only. However, that said, I am willing to do analysis on different pairs/derivatives' on behalf of those who would appreciate an informed opinion on both the technical and fundamental sides. At the end of the day I want to see traders progressing and doing much better but the truth is you need to understand the markets from a technical & fundamental perspective in order to truly be successful as a trader & ultimately become an active investor in financial markets. If all you have been doing at this point in time is trading only incorporating technical analysis then all you are/have been doing is donating money to the market, your broker/s and my former employers in the investment banking/hedge fun world. :) Don't forget to like & comment, I look forward to beginning this new journey with all of you!! :)))
INDEX:DXY
by No-NonsenseFX_
XAUUSD 2H TA : 06.10.22 (Update)Examining the important supply and demand zones in GOLD : Appealing ranges for the BUY and SELL positions are marked on the chart. (The price has now reached an important level of demand zone and we have to see if the price can be accompanied by strong demand with the announcement of inflation data that will be published in a few minutes , (CPI) ) Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 06.10.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDLong
by ArmanShabanTrading
3
Aussie slips after strong NFP reportThe Australian dollar has reversed directions on Friday. AUD/USD is trading at 0.7225, down 0.55% on the day. US nonfarm payrolls are traditionally the highlight of the week, but the Ukraine war, spiralling inflation and surging oil prices have taken up much of the market's attention. This has reduced some of the hype around recent NFP releases, but they still have the potential to move markets. The May nonfarm payrolls report outperformed expectations, with a gain of 390 thousand, above the forecast of 325 thousand. We'll have to give the markets some time to digest the reading, but it's certainly possible that the strong numbers will see investors price in more Fed tightening, which will give the US dollar a boost, especially against the risk-sensitive Australian dollar. AUD/USD has already reacted to the NFP with considerable losses. It will be interesting to see how Fed policy members react to the nonfarm payrolls release, and whether some Fed members call for the Fed to increase the pace or extent of tightening. The Reserve Bank of Australia holds its policy meeting on Tuesday and will continue its rate-tightening cycle. The current benchmark rate is only 0.35% and the Bank is widely expected to hike by 0.35%, which would represent a compromise between a 0.25% and a 0.50% move. With inflation continuing to accelerate, the RBA is expected to raise rates to 3% or even higher, which means that we will likely see the RBA raising rates throughout the second half of the year and into 2023. AUD/USD is testing resistance at 0.7207. Above, there is resistance at 0.7252 There is support at 0.7121 and 0.7076
by OANDA
USDCHF I Pullback & Headed UpwardWelcome back! Here's an analysis of this pair! **USDCHF - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
2
WHAT CAN WE EXPECT FROM XAU/USD BASED ON NFP COMEOUTS?Happy Friday, TradingView community! You've made it through another successful week of trading (hopefully); however, we're not done yet. In an hour and a half from the time of writing this post, we're having the NFP data released for US economy as it is the first Friday of the month. Non-farm payrolls give us an insight into the change in Average Hourly Earning, Employment change and subsequent Unemployment rate in the United States. As you might guess, this would be quite an important news release for any world economy. Overall, the projections for this month are quite conservative. Thus, most people expect the more likely scenario of the "Actual" NFP data to be better than the initial forecast. This would be the positive reading for USD and all the pairs that have USD as a first currency. In this case, for XAUUSD we have a drop till 1830s with a further retest and bounce all the way to 1790. However, we also made sure to include Scenario #2 for the case of "Actual" being lower than the "Forecast" (less likely). It is pretty self-explanatory, yet not as likely as the previous scenario. Either way, we're looking to clarify some direction for the next week and make some money along the way :)
OANDA:XAUUSDShort
by Investroy
8
GBPUSD : Current Situation & Technical , Fundamental View- DXY is currently at 101.668 LEVEL. Also the GBP FEATURE stays at 1.2573 LEVEL. GBPUSD PRICE is slightly higher than DYNAMIC S / R LEVELS. Maybe Sell to DYNAMIC S / R LEVELS before another UP. Then most of the time the PRICE can be sold in the form of STRUCTURE. - Currently the SENTIMENT of the OVERALL MARKET is RISK OFF. Also EQUITIES is giving a slightly MIXED RISK Tone. VIX INDEXES DOWN. But they can be UP. Also COMMODITIES now shows a DOWN SIDE BIAS. Currently the MARKET has a RISK OFF SENTIMENT. So be on the lookout, maybe in the NEWYORK SESSION in the market, maybe RISK ON today is Friday. - GBPUSD PRICE can be UP to 1.2861 LEVEL before DOWN. After that it can be DOWN to 1.1950 LEVEL. According to this week's ECONOMIC INDICATOR DATA and MARKET SENTIMENT. Then GBPUSD UP to LIVEL 1.2861 can be USD if a NEGATIVE SENTIMENT is received. FED UPDATES are very important for that.
by benny_marshall
New buying opportunities on EURUSD before NFPThis week EURUSD tricks us into switching directions a few times already. Today, we actually think it's clear were price wants to go next and that's 1,0900 It's the first Friday of the month which means we have NFP. We could expect some movements in the market. We're looking at possibly buying with stops below 1,0625, expecting for price to continue above 1,0900. In case of a drop to around 1,0700 and a bounce, then we can look to enter long.
Long
by ForexTrendline
11
Where is the US Dollar Heading?Foregoing the higher time frame structural integrity at this time (Stand by for an HTF Update), an intraday perspective at present day price delivery, highlights future potential for the upcoming High Impact News Event, Re: Non-Farm Payrolls (NFP). Based on the annotated chart attached, this author is of the technical opinion that the US Dollar Index has 'shown its hand' to complete an impulsive bearish delivery to the downside. Therefore, in my opinion, we can be looking for shorting opportunities leading into this High Impact News Event, observing all rules of engagement as per your trading plan.
TVC:DXYShort
by UnknownUnicorn34908408
2
Bitcoin and the Markets: Tomorrow is D-Day ⚔️Yes, tomorrow is gonna be a HUGE daY. Tomorrow is judgment day, we like to call it D-Day because one cannot ignore. So here we go: ⚔️Tomorrow, Friday the 3rd/June is the Employment report for the USA, the all-mighty NFP ⚔️ Tomorrow will be HUGE HEADLINES therefor. ⚔️ Not interested about headlines? ⚔️ Well take a look at yesterday's massive dip because of this headline: www.bloomberg.com Again: ⚔️Employment is the KEY FACTOR as explained before: ⚔️Previously we had calculated the Top for Nasdaq precisely here: ⚔️Tomorrow's employment data will either 'make us or break us' in a huge way: www.bnnbloomberg.ca ⚔️⚔️⚔️⚔️Federal Reserve looks at EMPLOYMENT first before adjusting Monetary policy. ⚔️⚔️⚔️⚔️ It's called the 'Federal Reserve's Dual Mandate' : The Federal Reserve's two mandates were shaped in the 1970s. The first is to maintain maximum employment and the second is the keep prices stable while and long-term interest rates at moderate levels.2 Rather than trying to reach 100% employment, maximum employment means keeping it at levels that are seen in normal economic conditions when there is neither a boom nor a recession. Stable prices and moderate long-term interest rates are deemed one mandate. Long-term interest rates are set with an eye to managing pricing pressure and inflation. ref: www.investopedia.com Bitcoin will follow the markets, the markets will follow the NFP, we expect to have a nice dip to buy or a nice pump to short simply because volatility will be insane tomorrow, it could be Epic. Professor is considering trading Live? Would you like that? One Love, the FXPROFESSOR⚔️ Watch this video.. it's worth it
Long
by FX_Professor
8
EUR/USD Holds On To Slim Gains After NFPThe EUR/USD managed to advance modestly on Friday following the US nonfarm payrolls data release as the greenback pulled back across the board. At the time of writing, the EUR/USD pair is trading at the 1.0550 area, holding on to slight daily and weekly gains after pulling back from a daily high of 1.0598. US nonfarm payrolls came out in line with market estimates. The US economy added 428,000 new jobs in April, versus 391,000 expected, while the average hourly earnings rose 5.5% YoY and the unemployment rate remained at 3.6%. However, with the Fed's monetary policy path set, the European Central Bank's gradual and accommodative monetary stance is the main factor that could continue to weaken the euro. In addition, risk aversion coming from the conflict between Russia and Ukraine and the outbreaks of Covid-19 in China will likely continue to favor the greenback. From a technical standpoint, the outlook remains clearly bearish according to the weekly chart, even though the EUR/USD is poised to post its first weekly gain after four consecutive falls. The daily chart shows the same picture as the pair continues to move sideways between 1.0500 and 1.0600 after a six-day losing streak seen in late April. The RSI has gained an upward slope but remains below its midline, while the MACD remains in sellers’ territory, although showing decreasing selling momentum. On the downside, the EUR/USD pair could find immediate support in the 1.0500-1.0490 area, where the psychological level converges with the weekly low. A loss of this area could expose the five-year low struck last week at 1.0470 and the 1.0400 zone. On the other hand, immediate resistance is seen at the 20-day moving average, currently at 1.0710, followed by the 1.0800 area.
by Alex_Boltyan_FXAnalyst