Get started

Nfp

Pound dips below 1.35, Omicron surgesThe British pound has started the New Year in negative territory. GBP/USD has dipped just below the symbolic 1.35 level. The British pound ended 2021 with a winning week, gaining 1.03%. It was the second week in a row in which GBP/USD gained over 1%, as the risk-sensitive pound continued to make inroads against the safe-haven US dollar. On Thursday, GBP/USD rose to 1.3520, its highest level since November 10th. The catalyst driving the pound's rally has been strong risk appetite, which hasn't waned despite the explosion in the number of Omicron cases. The UK has been setting new records of Covid-19 cases as Omicron rages, and a government study estimates that 1 in 10 people in London is infected with Covid. The markets have remained optimistic, noting that Omicron is less severe than previous variants of Covid, but there are concerns that Omicron could lead to a huge strain on hospitals. Meanwhile, industries and transport networks are reporting staff shortages as sick workers self-isolate, which will weigh on activity in the services sector. The government has not introduced new health restrictions, but that could change if hospitalisation rates move higher. Prime Minister Boris Johnson will deliver an update on restrictions later today, and his comments could move the pound. If the government does announce new restrictions, investors could react negatively and extend the pound's losses. After a light economic calendar during Christmas week, there are key events on both sides of the pond this week. The markets will get a look at PMIs in both the US and the UK, and the US releases nonfarm payrolls at the end of the week. The December NFP is expected to jump to 400 thousand, up from 210 thousand in November. GBP/USD has support at 1.3426 and 1.3329 There is resistance at 1.3585 and 1.3647
by OANDA
NFP Undershoots, Markets UnmovedNovember 2021 Non-Farm Payrolls Data Release Last Friday saw the release of the monthly US non-farm payrolls (NFP) data for November 2021. This data is often closely watched by markets for clues as to the state of the US labour market and economy, and as such, the data can influence the Federal Reserve’s monetary policy. However, it has been a long time since NFP releases tended to materially move markets, and last week was no exception. The key headline was the creation of only 210,000 net new jobs, when the consensus forecast by analysts expected as much as 553,000. This was a big undershoot but markets barely reacted. This may be partially because even with such a large undershoot in new jobs, the US unemployment rate fell from 4.5% to 4.2%. Average hourly earnings rose by 0.3% month on month, although 0.4% was expected. The US unemployment rate at 4.2% is at a 21-month low so it can be seen that the US labour market is tightening and that is no surprise as everyone already knows it is. This was the crucial element of the data. Market Reaction to NFP Data In a nutshell, markets barely reacted, or at least the price movements following the release were proportionate to the price action already happening in all major assets such as the S&P 500 Index or the US Dollar Index. This is partly because the NFP just is not the key driver of monetary policy that it used to be, and partly because it is soaring US inflation and the Federal Reserve’s reaction to it that is now the fundamental issue of most concern to market analysts. With the Chair of the Federal Reserve Jerome Powell calling to speed up tapering and removing the word “transitory” from his description of the current inflationary situation, markets are going to keep a laser-like focus on next Friday’s US CPI (inflation) data, which is very likely to trigger a major move in the markets even if it comes in at the widely expected month on month increase of 0.7%. What Does This Mean for Traders? Traders should ignore the NFP data and, at least until Friday’s release of US CPI (inflation) data, trade in line with market sentiment. Prevailing market sentiment is risk-off, meaning stocks, commodities, and commodity currencies and the British Pound are likely to be weak, while the Japanese yen, Swiss franc, and US dollar are likely to be strong. This will probably continue until positive news about the omicron coronavirus variant begins to emerge and will be overshadowed during Friday’s New York session by the inflation data in any case. Of course, it is possible that bad news may begin to emerge regarding the virulence of omicron, and this will be likely to increase risk-off flow.
TVC:DXY
by SmoothJB
XAUUSD 12H : 06.DEC.2021 : Bull or Bear ?The price of gold has reached an important static level, which puts two scenarios in front of us, if the price closes below $ 1776, we can expect a fall to the range of $ 1766. Scenario 2 also happens with the breaks of the downtrend channel , in which case with the breaking of this channel we can look for a trigger for Buy position. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 06.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
2
XAUUSD 4H : 03.DEC.2021 : Bull or Bear ? (NFP)NFP Trading ?? Bull or Bear ? What do you Think ? The price is currently held by the support level of $ 1770, but has lost its dynamic support and has completed its pullback to that level. If the level of 1770 breaks, our Sell position trigger will be activated. The targets will be $ 1760, $ 1747 and $ 1727, respectively. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 03.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
OANDA:XAUUSDShort
by ArmanShabanTrading
5
XAUUSD 12H : 03.DEC.2021 : Bull or Bear ? (NFP)NFP Trading ?? Bull or Bear ? What do you Think ? The price is currently held by the support level of $ 1770, but has lost its dynamic support and has completed its pullback to that level. If the level of 1770 breaks, our Sell position trigger will be activated. The targets will be $ 1760, $ 1747 and $ 1727, respectively. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 03.DEC.2021 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
FOREXCOM:XAUUSDShort
by ArmanShabanTrading
3
GOLD LONG TO 1974Here is an alternative scenario to current Gold shorts I am in from 1870. However, this long bias also has a very good chance to play out. I have noticed something interesting about market structure on the Daily timeframe. There seems to be a lot of resting liquidity on Gold sitting around the 1972 region. Since the start of the year, price has been edging lower, in every instance leaving liquidity above every high which still hasn’t been taken out. It’s a POSSIBILITY that this could be taken out some time early in 2022 before the drop starts. I’m still short to 1570, this is just an ALTERNATIVE scenario to keep us protected hence why my long positions are still open hedged against my sells. If we see a strong rejection around 1750-1735, it’s likely this bias could come into fruition hence why I’ll be taking buys. I will be catching this move on behalf of myself and my Account Management investors. What are your thoughts on Gold? Let me know!
SAXO:XAUUSDLong
by BA_Investments
XAUUSD SHORTING ALTERNATIVE FROM 1974GOLD ALTERNATIVE BIAS: I have noticed something interesting about market structure on the Daily timeframe. There seems to be a lot of resting liquidity on Gold sitting around the 1972 region. Since the start of the year, price has been edging lower, in every instance leaving liquidity above every high which still hasn’t been taken out. It’s a POSSIBILITY that this could be taken out some time early in 2022 before the drop starts. I’m still short to 1570, this is just an ALTERNATIVE scenario to keep us protected hence why my long positions are still open hedged against my sells. If we see a strong rejection around 1750-1740, it’s likely this bias could come into fruition hence why I’ll be taking buys. I am still in Gold shorts targeting 1570 long term for my investors and myself.
OANDA:XAUUSDShort
by BA_Investments
1
GOLD LONG TO 1887Gold is currently trading inside a tight range and near to completion of its final wave (Wave 5) before we see a market reversal back down towards 1828. Another way to confirm that this is wave 5 and we're close to reversal is monitoring price action and the momentum of buys. We can see that price has now slowed down after a very strong uptrend and buyers are failing to push price any higher with the same momentum we had the previous 2 weeks. Also, with DXY (Dollar Index) gaining strength and trading towards a yearly high, Gold being a negatively correlated market in return should go down. We now have confirmation that Tapering is going ahead over the next few months which will decrease the demand of Gold against the Dollar. I will be catching this move on behalf of myself and my Account Management investors within my fund.
SAXO:XAUUSDShort
by BA_Investments
XAUUSD SHORT TO 1828 (Corrective Wave)I am currently shorting Gold down to 1828. This move down is simply a corrective wave (Wave 4) as we still have one more impulse move to the upside (Wave 5) in order to complete the current bullish structure. After the move down I will be looking for long positions back up towards 1889 in order to fill in the imbalance created from the Gold drop back in June. I will be catching this move on behalf of myself and my Account Management investors. All my socials are listed below.
FOREXCOM:XAUUSDShort
by BA_Investments
EUR/USD - A Major Break LowerThe dollar rallied strongly on Wednesday after data showed inflation rose to a 31-year high in the US. Coming on the back of Friday's fantastic jobs report and the 20-year high in the quarterly employment cost index the week before, this doesn't bode well for a Fed intent on being patient on raising interest rates. The central bank has repeatedly stated its belief that inflation is transitory. It may have to amend this language soon as it's neither fading fast nor remaining remotely close to target, which makes the central bank's argument harder for investors to believe. Markets aren't waiting for guidance. Today's data may have been the final straw and they're pricing in more rate hikes next year. The dollar has broken higher, pushing EURUSD to its lowest level since July last year. The next test for the pair falls around 1.14, where the bottom of the channel coincides with prior support and resistance. Below here 1.12 will be a major support level. If the pair corrects, 1.15-1.1550 is the obvious first test with it having been such a key level of support this past month.
by OANDA
USDJPY Bull Scenario - STRONG NFP Data expected tomorow Hello Traders Here is a new BUY Scenario, USD/JPY Consolidating, Yen bulls but may quickly turnaround tomorrow in the event of strong NFP data. - Yen shows signs of long-term vulnerability. - Focus on upcoming Non-Farm Payroll (NFP) data. - Possible bullish continuation pattern - 114.00 level key. Forecast : Strong NFP may push USD up, No big drop until 115.600 💹USD/JPY BUY STOP ✅ Entry @113.600 or above ✅TP-1# 113.800 ✅TP-2# 114.000 ✅TP-3# 114.200 ✅SL# 112.900 JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Long
by jamdejam
2
USDJPY Going UP Strongly - Positive Nonfarm Payrolls Forecast Hello Traders Here is a new BUY Scenario, October's Nonfarm Payrolls are set to show an increase of 425K after two disappointments. - Yen shows signs of long-term vulnerability. - Focus on upcoming Non-Farm Payroll (NFP) data. - Possible bullish continuation pattern - 114.00 level key. My Forecast : Strong NFP may push USD up, No big drop until 115.600 💹USD/JPY BUY STOP ✅ Entry @114.000 or above ✅TP-1# 114.200 ✅TP-2# 114.400 ✅TP-3# 114.600 ✅SL# 113.400 JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals
Long
by jamdejam
XAUUSD TO 1796On Friday we saw Gold price shoot higher on the back of NFP data creating a weekly high. We have an unmitigated zone between 1806-1794 which still has to be filled before a further move up towards 1872. I am expecting a correction now, since the new impulse, Wave 1 of the Elliot Wave Theory is about to complete around 1823-1827. This is a HIGH RISK TRADE as market was extremely bullish towards the end of last week. I will be catching this move on behalf of myself and my Account Management investors.
FXOPEN:XAUUSDShort
by BA_Investments
1
XAUUSD 1D TF : 06.Nov.2021 (Update)Well, as we see, the price was finally able to break its dynamic and static resistance at the same time and close above the $ 1817 level, we expect the price to rise to the $ 1827 level after a retest and then to $ 1833 if the channel midline resistance breaks ... failure of these levels will not be easy .... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 06.Nov.2021 ⚠️(DYOR)
OANDA:XAUUSDLong
by ArmanShabanTrading
1
XAUUSD 1H TF : 06.Nov.2021 (Update)The price hit the target nicely and corrected to the level of $ 1785 and then reacted positively to our static range, which was also an important Breakeven, and started growing again ... The result of this analysis was +80 pips yield . The main analysis will be updated with the start of the new trading week. Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @Ar_M_An_4 📅 06.Nov.2021 ⚠️(DYOR)
OANDA:XAUUSDLong
by ArmanShabanTrading