News for The Week
US stock markets started falling, while the US dollar is rising. What to expect from
The NFP Friday is coming!
The Non-Farm payrolls are announced on Friday at 15:30 MT time.
Instruments to trade: EUR/USD, USD/CAD, USD/JPY, GBP/USD
The US workforce increased by 639K in October – that came a little lower than the September figure but still, it was better than the expected range of 510-600K. On a larger scale though, it is the smallest number since the recovery has started making its way through the crisis in April-May. The expectation for the coming figure is higher than the one before and goes beyond 600K. Therefore, if the market gets a positive surprise, the USD will be pushed.
- If the data is better-than-thought, the USD will be boosted.
- Otherwise, it will fall.
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