2021-06-04 10:39:16
Are you ready for NFP? Every day we witness the battle between the US dollar and other currencies. As a result, major pairs swing up and down and give traders opportunities to profit. Today we can hope to see even bigger moves in
EUR/USD, GBP/USD, USD/JPY, USD/CAD, and other pairs, as well as in
XAU/USD and
US500 – all because America will release Nonfarm Payrolls at 15:30 GMT+3.
The release, also known as NFP, will show how many Americans found jobs in May. The last time NFP disappointed and there was a big selloff in the USD. This time there are reasons to expect a higher reading. The forecast is
645K (vs. the previous number of
266K). If NFP comes close to or exceeds the forecast, the USD will rise. Otherwise – fall.
How about you? Do you already have a strategy for trading NFP?
Share your thoughts in the comments! https://bit.ly/34B2MEn
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