The euro in a double-top pattern
Today, the euro shows a double-top pattern against the CHF, which may be used by the bears if the pattern is confirmed.
NFP: an opportunity for the USD?
The level of non-farm payrolls, also known as non-farm employment change or NFP is expected at 15:30 MT time on October 4.
The indicator represents the change in the number of employed people during the previous month without farmers. Traders pay huge attention to it, as it makes the US dollar highly volatile after the release. Also, we recommend you not to underestimate the unemployment rate and the level of average hourly earnings. These indicators are released at the same time as the non-farm payrolls and they tend to affect the USD as well. The previous release of jobs data disappointed the market. Despite a higher-than-expected level of average hourly earnings (0.4% vs. %0.3 expected), the level of NFP declined by 130 thousand jobs. It resulted in mixed trading of the USD. This time it may lead to a different outcome.
• If the NFP is higher than the expectations, the USD will rise;
• If the NFP is lower than the expectations, the USD will fall.
Similar
Will the Australian job data support the AUD?
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
GBP/USD has risen by more than 90 pips
The remarks by Nigel Farage during the Brexit party's election event have sent the British pound higher…
Latest news
The euro in a double-top pattern
Today, the euro shows a double-top pattern against the CHF, which may be used by the bears if the pattern is confirmed.
Will the Australian job data support the AUD?
Australia will publish the level of employment change and the unemployment rate at 2:30 MT on November 14.
Market updates on November 12
The euro and the Australian dollar growing against the USD, the British pound in a correction after Monday's rise
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