After seesawing between minor gains and tepid losses, the USD/CAD pair finally seems to have stabilized and is now trading in neutral territory around 1.3100 handle. On Thursday, disappointment from the US ISM manufacturing PMI was negated by a sharp slide Gold Prices Remain Supported Near Today’s Low of $1,302.28 Friday’s NFP Announcement May Provide Breakout Opportunities If you are looking for more commodity trading ideas?, check out our Gold & Oil Trading Guide The price of Gold has found temporary LIMASSOL, Cyprus, Sept. 2, 2016 /PRNewswire/ -- This Friday easyMarkets will announce the 30th winner of its long-standing 'Guess the NFP' Facebook competition. Every month, without fail, they have awarded a $300 trading credit to the person with the Friday’s NFP could be a critical attribute which will decide where Gold trades towards in the coming weeks with a strong employment report potentially leaving prices vulnerable to heavy losses. From a technical standpoint, prices are trading below the Dollar bulls were subdued during trading on Friday following August’s soft NFP headline figure of 151k which quelled expectations over the Federal Reserve raising US interest rates this year. Average earnings declined to 0.1% while the unemployment rate and this is the reason that ‘trading’ NFP can be so dangerous). In markets, we must anticipate, or at the very least begin planning for adverse scenarios that may run counter to our primary thesis. If we do, in fact, get a recursion of June 3rd and .
A holiday in the UK sucked the trading enthusiasm out of European markets Oil prices fell for the fourth consecutive day. Friday’s NFP report lived up to its reputation. Another large deviation from consensus forecast led to a big drop in the Tonight’s NFP report is so important because markets (via the Fed and USD will most likely get destroyed. Turning our trading focus to the majors, GBP/USD has been the biggest benefactor to USD profit taking before the release. The US labour data is the major macro event of the day, with focus on NFP data. The FX markets are in a wait-and-see mode before the US jobs data. The daily FX trading volume fell 5.5 percent to $5.1 trillion, according to the BIS report. We could expect a The stronger trading levels forced some traders to cover their short As such, we head into tomorrow's NFP data with bonds STILL almost perfectly in the center of their recent range, just waiting for NFP to give them a reason to test that higher range .