MAJOR CURRENCY MARKET GAIN POSITIVE MOTION AMIDST WEAK NFP REPOR
MAJOR CURRENCY MARKET GAIN POSITIVE MOTION AMIDST WEAK NFP REPORT
September 4/2021
The major currencies market was seen earlier on Friday 3rd September 2021 moving in a low volatility state, in preparation for the NFP report. market analysts and economy forecasts expertise have, however, set up an expectation ahead of the US economy Non-farm payroll update in which the actual forecast was targeted at 665K but the previous release attained by the NFP data in July was 798K.
A higher than expected analysis for the US job employment update could bring a bullish presence into the market. While On the other hand a lower than expected report will result in a bearish posture In the market. But for the August US job payment employees report a weaker than expected figures surge the US employment data, thus a positive price action will be appreciated on the side of every greenback combining pairs.
Therefore, the major currencies had a positive dynamic price action in the just concluded trading session.
Technical Analysis forecast and market likely expectations for the EURUSD next trading week: it should be noted that the price of the EuroVS US dollar in the last trading session has, however, broke above two prime resistance hence on the report of the NFP data last Friday could result in an increasing number of buyers who are interested in taking the price of EURUSD pair to the third resistance point which is set at 1.20235
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September 4/2021
The major currencies market was seen earlier on Friday 3rd September 2021 moving in a low volatility state, in preparation for the NFP report. market analysts and economy forecasts expertise have, however, set up an expectation ahead of the US economy Non-farm payroll update in which the actual forecast was targeted at 665K but the previous release attained by the NFP data in July was 798K.
A higher than expected analysis for the US job employment update could bring a bullish presence into the market. While On the other hand a lower than expected report will result in a bearish posture In the market. But for the August US job payment employees report a weaker than expected figures surge the US employment data, thus a positive price action will be appreciated on the side of every greenback combining pairs.
Therefore, the major currencies had a positive dynamic price action in the just concluded trading session.
Technical Analysis forecast and market likely expectations for the EURUSD next trading week: it should be noted that the price of the EuroVS US dollar in the last trading session has, however, broke above two prime resistance hence on the report of the NFP data last Friday could result in an increasing number of buyers who are interested in taking the price of EURUSD pair to the third resistance point which is set at 1.20235
To prevent yourself from suspicious brokers I choose WikiFx to research brokers: