2Q US Non Farm Payroll record for Gold
Updated
Hi,
For those who are seeking US NFP data to enter on Friday tomorrow, you can see my chart to do the analysis for your direction. I will remain neutral for now. Please help me by liking my idea if you already get what you want. I really appreciate it.
Thank you very much.
For those who are seeking US NFP data to enter on Friday tomorrow, you can see my chart to do the analysis for your direction. I will remain neutral for now. Please help me by liking my idea if you already get what you want. I really appreciate it.
Thank you very much.
Note
Non Manufacturing PMI registered at 56.7(July) compared to 55.3(June).Business Confidence registered at 52.8(July) compared to 53.0(June).
Chicago PMI registered at 52.1(July) compared to 56.0(June).
ISM Non Manufacturing Prices registered at 72.3(July) compared to 80.1(June).
ISM Non Manufacturing New Orders registered at 59.90(July) compared to 55.60(June).
ISM Non Manufacturing Employment registered at 49.10(July) compared to 47.40(June).
ISM Non Manufacturing Business Activity registered at 59.90(July) compared to 56.10(June).
From the latest data, I'm predicting that tomorrow NFP data will be strong (400k-500K) which indicates that the US still has a strong labor market. As a result it is inverse with the FED goal to bring down inflation & far from recession, we will see another rate hike in September meeting along with FED economic projection.
Note
US NFP 2Q registered at 528K. Dollar win !!
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