NFP Data AlertWhat 10 Major Banks Are Expecting NFP Data Today?
Answer is here
Goldman Sachs: 185K
Bofa Merrill: 170K
Barclays : 175K
SEB : 190K
UBS: 175K
CreditAgricole: 185K
Bnpp: 180K
Cibc 160K
MorganStanley: 205K
Nomura : 170K
So Average Number :- Non Farm Payrolls 179.5
We are Expecting 185-195 Seems Good For usd
Range seems
Eurusd 1.0950-1.1160
Usdjpy 102.4-105
Gold 1272-1315
Oil 43.7-46
Nfpday
DAX NFP MOVEToday we have the big NFP event again.
With US elections coming, more and more signs of a rate hike coming soon, Brexit and other fears in the market (like a potential new banking crisis), today's NFP could push the markets into bear modus.
Either if the number beats expectations (225K or more), which means rate hike can be incoming soon, or the number is lower than expected (below 150k), which means the economy is failing, I believe the move of the markets will be down.
There is only one IF, that is IF the markets push much lower before NFP release, this could be trickery.
Key Levels DAX:
- 10800 Prepare to short
- 10250 Prepare to long
- 10400-10420 1st Target short
- 10360 2nd Target short
FORECAST USDWTIThe WTI is located in a very busy area for trends, and that previous and current conditions a little freedom of movement. The current pattern augurs not fallen but before relevant, G20 and more data in the coming weeks anything is possible.
Only serves the technical analysis, thankfully.
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EURUSD outlook for the next week, waiting for NFPThe next targets could be fibo50%, to 1,120, and the next test of the trendline at 1,129, close to the 0.618 fibo important to understand if this bullish sprint really hiding something more than just a swing upward in a movement facing down...
RSI+ MA seems now near a new attempt for a bullish momentum and direction..
The market movers that await euro-dollar in the coming week could therefore play a crucial role, just as has happened with the US GDP previous week..
SEX Set-up *Sorry I meant SPX500 ;)It is about time us Bears got together and smashed this cheeky bugger off the worlds top spot.
As you can see here we have combined waves of tightening wedge formation on the chart.
We also have some strong fundamental key events to help drive emotions and stretch budgets.
The cloud of short interest is growing and if we slam hard come NFP we will be able to see a phenomenal short-medium term drop off and correction in price.
Tell the FED to pack some Vaseline