Get started

Nfp

EURUSD before NFPEURUSD climbed 200 pips since the Interest Rates yesterday. Today NFP comes out as well. This is also a very important event which does affect the market. All week, we've been looking for a possible end of the pullback, but that impulse yesterday took price back to the previous high. However, we're still in a downtrend on the Daily timeframe and that's something we should not forget. We don't recommend looking for trades right now, but if we see price possibly reaching the zone, leaving a wick and rejecting it, then we can expect a downside continuation. The best opportunities in case of positive news and strong USD will be on the stock currencies.
by ForexTrendline
37
Gold NFP Day: I believe I can flyHey Trader, please see my current idea on Gold. Last idea was nailed on exact pip. Since, I was expecting a buying reaction on the bottom of my last idea, I assume that we may have had our spring today, in order for us to get an impulsive wave 3. I'm expecting a little retrace, where I am willed to place buy order with a stop slightly below todays spring. NFP should be bullish for Gold. But let's see time will tell. For further information please see below. This is no financial advice. RT
OANDA:XAUUSDLong
by RT_Trading_
5
What 3 events will traders be watching this week? 31 Jan- 05 FebThis week’s 3 events will concentrate on US employment numbers. The released figures could bolster or work against the strength found in the USD since the beginning of the year. For instance, the NZD and EUR have quickly dropped in value against the USD and are currently at a multi-month low against the greenback. Depending on this week’s numbers, the GBP, CAD, and AUD, which are presently floating close to 1-month lows, may soon be joining the NZD and EUR at values not seen since mid-2020. Wednesday and Thursday, February 02 and 03: Wednesday: Jolts Job DEC Thursday: ADP Employment Change JAN Two highly anticipated precursors to Friday’s Non-farm Payrolls report are released over Wednesday and Thursday this week. The first, the JOLTS Job Openings for December, is expected to remain close to record highs with 10.5 million jobs advertised across the US. Employers are seemingly experiencing difficulty holding onto their workforce, with job quits matching recorded highs and labour force participation struggles to budge from 40-year lows. While the JOLTS Job Openings report is limited in its impact on forex and stocks, it does help set the tone for the following two more appreciable job reports. The second, the ADP Employment Change for January, is estimated to report the lowest number of new jobs added to the US private sector since February 2021, with the consensus forecasting 200K. The typically slow start to the year, if forecasts are accurate, will sit in stark contrast to December’s (2021) 800K jobs, which shocked analysts who were expecting less than half this number at the end of last year. Saturday, February 05: Non-farm Payrolls JAN Non-farm Payrolls JAN is forecast to report 155K jobs added to the US economy in January, representing a marked slowdown in jobs growth, but in line with what has been seen with the past few months. Last month’s report for December 2021 delivered 199K jobs, while November 2021 reported 249K jobs. Disappointing Non-farm Payrolls may no longer have the same impact it once did, as investors appear content with the slowing job growth, and negative pressure on the USD typically fails to eventuate after such an event. While job growth is slowing, it should be noted that wage pressure is rising, which could be a good thing for US consumer spending and optimism for the US economy in general.
by BlackBull_Markets
AUDJPY BEARISH SEASON Considering the structure of audjpy, the market looks bullish in a lower time frame but, scaling upward to 4H and Daily time frame, it is clearly showing that the bullish pattern is mainly to take off the liquidity gap in between the prices. Considering a trendline analysis as well, the market shows a downward pattern with 3-4 confirmations on the trendline. Therefore, I'll rather look for a good sell entry after the liquidity gap as been taken off completely. The only buy confirmation I can agree with is if the price break the trendline and the order block then form a bullish engulfing candles.
Short
by Bolems
GOLD Forecast 1/7Buy setup today on Gold, we are looking for price to bounce at 1789 and retrace into 1810-1813. As long as the C wave is holding and price does not close below the previous low this set up will be valid. Once price has retested this zone and trends upwards, then our target is the previous point of control around 1813. Our stop is tight as NFP is today and is placed at 1784. Enjoy & Happy New Year everyone, lets aim for another historical year in the marketplace. ^_^
OANDA:XAUUSDLong
by johnconner966
4
Long or Short on GOLD [NFP] ?Dear traders, First of all, I hope you are aware that NFP fundamental news will shake the market today. Therefore, don't risk too much, DO NOT SCALP NEWS, manage your risk properly and better stay off the market. My view on Gold from a market structure perspective: Gold has been respecting supply and demand zones perfectly and the only demand zone left behind (which has not been mitigated) is the 3H demand zone. Overall direction for gold is bullish and in my humble opinion, the price will reach above 1834 (at least). The only question is - Is it going up before or after testing that demand zone? On the way up there's a tiny 3H supply as well. From which I'm expecting a short term sell. It's important to monitor and see, which comes first. Indeed all these zones will be tested. We just need to patiently wait and react when the opportunity is there. Good Luck and a Happy Profitable Year to all of you! DISCIPLINE Strive for patience, perseverance, determination, & rational action. Limit your losses, use stops. Never cancel a stop loss order after you have placed it! It's just an idea of mine. However, everyone can share their thoughts in the comment section below. Also, don't forget to support me! :) Disclaimer: Trade at your own risk. I'm sharing my ideas and not giving trading advice. Always plan your trade and trade your plan.
OANDA:XAUUSD
by d13wish
3
Aussie steady ahead of retail salesThe Australian dollar is trading quietly at the start of the week. In the North American session, AUD/USD is trading at 0.7172, down 0.14% on the day. December job numbers in the US were mixed. The nonfarm payrolls report was a major disappointment, with a gain of 199 thousand, compared to a forecast of 425 thousand. Despite the soft nonfarm payrolls reports, investors remain hawkish about a Fed rate hike and the major currencies posted gains against the US dollar on Friday. The mixed jobs report is unlikely to change the Fed's lift-off date for a rate hike, which will likely come in mid-2022, although the markets have priced in a March hike at above 70%. On the positive side, the US unemployment rate dropped from 4.2% to 3.9% and wage growth climbed 4.7% y/y, above the estimate of 4.2%. As we saw with the JOLTS Jobs Openings release last week, there are jobs to be had, but the difficulty is finding workers to fill the vacancies. Australia starts the event ball rolling on Tuesday, with the release of Retail Sales for November. The consensus stands at 3.9%, after a gain of 4.9% in October. The circus over star tennis player Novak Djokovic and whether he can remain in Australia for the Australian Open has overshadowed the skyrocketing Covid numbers. Australia is reporting over 1 million infections, as businesses are grappling with staff shortages due to sickness or isolation rules. So far, the government has avoided new lockdowns, but if the infection rates continue to rise, lockdowns could be reimposed which would hamper economic activity. There is resistance at 0.7263 and 0.7343 AUD/USD has support at 0.7116 and 0.7049
by OANDA
2
XAUUSD - End of week!Very disappointing NFP! So they targeted just below the 1785 KOG target level and then rejected. Ideally we would have wanted more of a stage show from NFP but instead traders got choppy up/down ranging movement. In any case, it gave the entry and is following the long scenario we have mentioned in the NFP Report. We would suggest you protect any long trades you have from the lower support before market close this evening. We're hoping we can achieve that first target of 1797 before the market closes, if not, we'll look for it on market open. We'll stick with the plan for now and update it on our next post with the week ahead analysis. See you on Sunday for the KOG Report. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
5
EURUSD Non Farm Payroll Catalyst?Non-Farm Payroll numbers are due today, after a strong decline EURUSD has settled into a consolidation/bear flag formation. I've been watching for a breakout of this range for a while now and while the structure of the flag has changed, the overarching idea is the same - looking for a break below the range to continue the larger trend. Non-Farm Payroll tends to bring with it spikes of volatility and can often be the catalyst to begin a new trend or new leg of a trend, which is what we're watching out for today.
Short
by HayeTrading
25
Canadian dollar calm ahead of job reportsThe Canadian dollar is on a holding pattern ahead of key Canadian and US employment reports later today. Currently, USD/CAD is trading just above the 1.27 line. It could be an active North American session for the Canadian dollar, with the release of Canada's job creation numbers and the US nonfarm payrolls. Expectations are low for the Canadian data, with a forecast of just 27 thousand new jobs in December, after a robust gain of 153 thousand in November. There is plenty of anticipation around the nonfarm payroll release, however, especially after the monster ADP release earlier this week. The ADP gain of 807 thousand was double the consensus of 400 thousand, but historically, ADP has not been a reliable gauge of nonfarm payrolls. The forecast for NFP is around 425 thousand, and a release below 250 thousand or above 550 thousand could shake up the US dollar. Investors are starting to get nervous now that a Fed rate hike could be only a few months away, and the timeline for the first rate hike could be impacted by the strength of the nonfarm payroll release. A strong gain would strengthen the likelihood of a March hike, while a soft NFP could delay lift-off of a hike, which could lead to a rotation out of US dollars. In determining when to start hiking, policymakers will be looking not only at the strength of the recovery but also at inflationary pressures. The Fed has abandoned its view that inflation is 'transitory' and this week's FOMC minutes indicated that policymakers viewed inflation risks to the upside and are also concerned about the very tight job market. The minutes also stated that the Fed is considering scaling back its balance sheet as another brake on the economy. The markets took note, with 10-year bonds rising above 1.70% and CME FedWatch pegging the likelihood of a March hike above 70%. USD/CAD is testing resistance at 1.2784. Above, there is resistance at 1.2929 There are support levels at 1.2558 and 1.2477
by OANDA
US Dollar Index - Neutral BiasTVC:DXY I am watching the US Dollar index closely as we have seen it stuck in a range for a while now. One thing I like to do when watching for ranges is, looking for a liquidity grab (false move) in either direction before the real move. So if I see the US Dollar wanting to push down, I would love to see the highs taken out before we do so. Same thing if I see the US Dollar wanting to go higher, expect we will take out the lows before doing so. All eyes on Non-Farm Payroll coming up! No bias, purely waiting for price action to tell me where we are going next!
TVC:DXY
by AaronSLuce
XAUUSD - 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 these events can cause aggressive swings in price. We’re also approaching the end of the year so markets will likely do the unexpected. As usual we will look at this with two scenarios in mind. There is more that needs to be completed to the upside than there is to the downside at the moment although we are still bearish on this. Scenario one: The price pushes up towards that 1806-10 price level and we see resistance, this region we feel would represent an opportunity to short the market towards the lower levels. Breaking the 1810 price level will invalidate this scenrio. Scenario two: The price pushes down, look for first support level 1785 which is also a KOG target, breaking that level the lower support is 1777. These level we feel would represent an opportunity to go long for a quick capture towards the 1797 and above that 1804-6 price points. Breaking the 1775 level will invalidate this scenrio. Support: 1785/1777/1767/1760/1757 Resistance: 1797/1804/1806/1810-12 As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
5
DXY D1 - Short Correction ExpectedDXY D1 Like we mentioned, non-farm payrolls, average earnings and unemployment figures are coming out this afternoon 1:30pm UK time, so as the NA session comes into play. We can expect some nice volume. This may be the trend setter for the month ahead. We are obviously hoping to see the USD correct and pull down towards that 94.500 region, which would compliment our cable longs. Additionally, this would give us confidence in looking for resumed USD bull continuations from the 94.500 price.
TVC:DXYShort
by Trade_Simple_FX
1
$Gold TA in 4H TF : 01.07.22 $XAUUSDWell, as you can see, yesterday in the 4-hour time frame, we saw the first and most important bearish signal with the opening of the New York market, and the price started to fall exactly from the $ 1830 range, and so far it is in the $ 1790 range. It has given us a return more than 400 pips. If $ 1785 support is broken, the next targets are $ 1777 and $ 1765. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 07.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
4
Yen edges below 116, inflation nextThe Japanese yen has edged higher and is back below the 116 level. Still, the yen remains vulnerable, especially with US treasury yields moving higher. Earlier in the week, USD/JPY broke above116 line for the first time since January 2017. The dollar has managed to push the yen to 5-year lows on the back of rising US Treasury yields. The 10-year yield, which finished 2021 above the 1.50% level, hasn’t missed a beat in the first week of 2022 and has pushed above 1.70%. The widening US/Japan rate differential has been weighing on the yen, which is extremely sensitive to the rate differential. If US yields remain high, I would not be surprised to see USD/JPY break past the 118 mark over the coming weeks. Inflation has become a hot topic for the Federal Reserve and the BoE, as policymakers must deal with inflation levels that are double or triple the banks’ inflation target of 2%. In Japan, inflation has been at low levels for years, with deflation a constant problem. However, Japan hasn’t been immune to surging energy costs and rising prices of raw materials, and inflation is now getting some attention from the Bank of Japan. We’ll get a look at Tokyo Core CPI for December later in the day, which is expected to rise to 0.5% y/y, up from 0.3% in November. With the FOMC minutes behind us, the markets are anxiously awaiting Friday’s nonfarm payroll report. The ADP employment report surprised to the upside, with a massive 807 thousand new jobs, double the consensus of 400 thousand. The huge gain led Goldman Sachs to upwardly revise its forecast by 50 thousand to 500 thousand and some analysts are projecting a print north of the 1-million mark. Still, it should be remembered that the ADP report has not been a reliable indicator for nonfarm payrolls. The consensus for the NFP stands at 424 thousand, and if the reading comes in below expectations, we could see the US dollar falter as a weak NFP could delay the timeframe for the first rate hike of 2022. USD/JPY is putting pressure on resistance at 115.78. Above, there is resistance at 116.38 There is support at 114.54 and 113.98
by OANDA