NFP/GOLD TRADE IDEA
Today, we have a few key updates during the NY session: Average Hourly Earnings m/m, Non-Farm Employment Change (NFP), and the Unemployment Rate. Among these, the NFP is drawing the most attention, with analysts estimating a significant drop to 164k compared to the previous 227k.
Based on my analysis, the actual figures are likely to exceed the forecasts, which could strengthen the dollar and lead to a slight correction in Gold.
This is my outlook for the day. Share your thoughts—what do you think will happen?
Based on my analysis, the actual figures are likely to exceed the forecasts, which could strengthen the dollar and lead to a slight correction in Gold.
This is my outlook for the day. Share your thoughts—what do you think will happen?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.