The NFP Friday is coming!

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.

Check the economic calendar

USD - 3.jpg

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Strong USD on Tuesday
Strong USD on Tuesday

The main market tendency today is that the US dollar is rising against its major peers and riskier assets such as stocks and oil are plummeting.

Latest news

ECB report is in focus
ECB report is in focus

The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time. 

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