💬GOLD: Review before non-farm. It’s the first Friday of the new month on the calendar, which means the publication of data on the US labor market. In this regard, there are assumptions regarding several trading instruments and how they could potentially behave during the non-framing release.
Firstly, let’s slightly refresh the idea of Gold, which retains its parameters, and we expect here mainly a fall. Before the non-farm itself or already at the time of publication, most likely, the metal will rise a little, trying to form a false breakout. However, in general, a fall is expected here towards the level of 1948.160.
💬EURUSD: The euro is also expected to fall, here the instrument may touch the level of 1.06745 before falling, so we also take this into account when placing a deal. The target for the fall is local lows around 1.05194.
💬USDCHF: The US dollar is also expected to strengthen for the USDCHF currency pair. Here, by the way, there is already an active buy trade, the stop loss is placed beyond the level of 0.90170. First of all, growth to 0.91092 is expected, then a small volume can be left for potential growth to 0.91475 and higher.
🔔FX CALENDAR TODAY🔔
Unemployment Rate
🇺🇸Non-Farms Payrolls
🇺🇸Unemployment Rate
🇺🇸Services/Composite PMI
🇺🇸ISM Non-Manufacturing PMI
🛢US Baker Hughes Total Rig Count
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👇Share your views and FOLLOW US👇
Firstly, let’s slightly refresh the idea of Gold, which retains its parameters, and we expect here mainly a fall. Before the non-farm itself or already at the time of publication, most likely, the metal will rise a little, trying to form a false breakout. However, in general, a fall is expected here towards the level of 1948.160.
💬EURUSD: The euro is also expected to fall, here the instrument may touch the level of 1.06745 before falling, so we also take this into account when placing a deal. The target for the fall is local lows around 1.05194.
💬USDCHF: The US dollar is also expected to strengthen for the USDCHF currency pair. Here, by the way, there is already an active buy trade, the stop loss is placed beyond the level of 0.90170. First of all, growth to 0.91092 is expected, then a small volume can be left for potential growth to 0.91475 and higher.
🔔FX CALENDAR TODAY🔔
Unemployment Rate
🇺🇸Non-Farms Payrolls
🇺🇸Unemployment Rate
🇺🇸Services/Composite PMI
🇺🇸ISM Non-Manufacturing PMI
🛢US Baker Hughes Total Rig Count
➖➖➖➖➖➖➖
🚀Thank for your BOOSTS🚀
👇Share your views and FOLLOW US👇
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There is new idea for USDJPY🚀
