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Nfpweek

#NFP/USDT#NFP We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly. We have a support area at the lower border of the channel at $0.400 from which the price rebounded We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 0.4848 The first target is 0.5800 The second goal is 0.6840. The third goal is 0.7824
Long
by CryptoAnalystSignal
May 2nd 2024 US30 Bearish Bias I was up early this morning, approached the chart with a clear mind, and awesome energy. As I type this, I know I grow thirsty for water slightly, but anyways, I have a bearish idea for US30. Price is above an OLD weekly low, so above old lows, especially on a higher timeframe, shows indication of being in a deep premium. Also, on the weekly, price has tapped into a FVG and rejected slightly heavily, and the previous day has given a sell opportunity based off of the daily key level of consequence encroachment wick that was formed on the previous FOMC DAY. Thinking like a bank that has recently formed a high and taken previous highs between 2:00pm-2:30pm, I would take most of my profits back to the original news low that I formed.
FX:US30Short
by Jblavishfx
NFP trading strategy There is NFP data to be released today. After yesterday's narrow range, the market will experience another huge shock today. Are you ready? Judging from the current trend, resistance is concentrated around 2049. Focus on this position before today's data is released. If it breaks through, the upper resistance will appear near 2058. If it cannot break through, it is highly likely that it will fall back to around 2032. There is a high probability that today’s data will be beneficial to gold shorts, so when trading, shorts will dominate, and market fluctuations will be relatively large. Be careful to strictly control risks. If you have any questions, please leave me a message in time! Good luck, everyone!
FOREXCOM:XAUUSDShort
by Allen_Ex
2
NFP Possible opportunity and trading setupsToday's NFP print is coming in 2h and 30m, trading plan following. In the last couple of days we got higher Labor data with Jobless claims, Jolts data printing way better than market expectations, and these 2 components fit into the NFP this might mean that on the aggregate the 185K US NFP estimation might be slightly higher than that. Anyways, let's move into the NFP now. The bulk of market participants are between 150-200K and for exaggerated movements, we should look for anything below 150K for US$ shorting or 200K for US$ long. As a second layer of risk, we can use 125K to the downside and 225K to the upside which will give us the ultimate trading conviction. US NFP printing higher than 200K (Risk x1) US NFP printing higher than 225K (Risk x2) EURUSD - GBPUSD - GOLD - BTC - SNP - NDX 🔽 USDJPY 🔼 US NFP printing lower than 150K (Risk x1) US NFP printing lower than 125K (Risk x2) NZDUSD - AUDUSD - GOLD - BTC - SNP - NDX 🔼 -Extra notes- Average Hourly Earnings (YoY) and Unemployment rate need to be considered as a second layer of conviction into this trade setup... They are similarly essential and if they give a very different picture than NFP then we should be considering this in our analysis and either deduct any risk from our positions or even close our positions after all. Average hourly earnings YoY have a previous Result of 4.6% and an estimation of 4.3% above 4.4% or below 4.2%. The vast majority of the analysts will be surprised by a result of 4.2% and below or 4.4% and above. The US Unemployment rate has a previous result of 3.5% and an estimation forecast of 3.6%. The vast majority of the analysts will be surprised with a result of 3.4% and below and 3.7% or above. Consider the above as possible conflicting factors or boosting factors to the NFP result, also don't forget that the Unemployment rate lower is US$ hawkish, and the Unemployment rate higher is US$ dovish.
OANDA:XAUUSD
by Investing_Bridge
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