Gold rose, USD/CAD and USD/JPY dropped
What's moving markets on April 22? Read the report to know!
Big day for USD
The US NFP will be published on August 7 at 15:30 MT time.
Instruments to trade: EUR/USD, USD/JPY, GBP/USD
Needless to say, the NFP is the most important economic indicator for all traders. It’s a widely awaited event because it creates the huge market volatility. Therefore, traders have a quite rare opportunity to see really enormous price movements. Non-farm payrolls reveal a change in the number of employed people during the previous month, excluding the farming industry. The employment slumped by a total of 22.2 million in April and March. Indeed, the USA was suffering from the worst time of the coronavirus pandemic. These days the labor market is gradually bouncing back, but it will take a lot of time to reach a full recovery. Moreover, the number of new virus cases in the country is still increasing at the record pace. That’s why it’s almost impossible to predict what the NFP will be this time. Catch the market movement!
- If the NFP is better than expected, the USD will surge.
- If the NFP is worse than expected, the USD will fall.
Similar
JPMorgan finances Super League, Apple unveils new devices
Read the daily report to get the full market wrap!
Tesla killed two people, USD is at one-month low, and other news
Read the daily news and get the fresh tech analysis of EUR/USD, USD/JPY, and gold!
Latest news
Stocks that make news this week
Check our story about the stocks that have the potential to go either up or down big time! In this article, we'll tell you about Nvidia, Apple, Philip Morris, and Coinbase.
The pack of PMIs to boost the euro
Once in a month, the euro has a very special day of increased volatility at the start of the European trading session.
USD/TRY: testing all-time highs
The relationship between the US and Turkey is not going well. Neither do things for the Turkish lira.
Deposit with your local payment systems
