Greetings and welcome to another NFP trading day. I know a lot of Forex traders look forward to this day - it’s definitely a day that can either make you or break you very quickly
We’ll give you some analysis for the actual announcement as well as some potential movements for the next couple of days.
Economists predict a -330k to - 350k contraction in the job market and the unemployment rate is expected to climb a little further. If that happens, that plays right along with our technical analysis showing a short-term flat correction up then a 5 wave movement down before heading back up again.
This is a report day so keep your stop losses tight and be sure to monitor your trade.
We hope everyone has a good NFP trading session - make some pips and go enjoy your weekend.
Cheers!
An overview of the
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