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โ# NonfarmPayrollsPreview
๐บ๐ธ NFP PREVIEW: The Big One is Here ๐บ๐ธ
Market eyes are locked on the US
jobs report dropping this Friday! Here is the setup:
๐ Consensus Forecast: [Insert Forecast Number]K ๐ผ Unemployment Rate: [Insert Rate]% ๐ฐ Avg. Hourly Earnings: [Insert %]
The Trade Logic: ๐ฅ Hot Number (Higher than expected) -> Fed stays
hawkish -> ๐ช USD Bullish โ๏ธ
Cool Number (Lower than expected) -> Rate cut hopes rise -> ๐ USD Bearish
Expect heavy volatility on $EURUSD,
$XAUUSD (Gold), and US Indices. ๐๐
Are you buying the dip or selling
the rip? Let me know below! ๐
โ#NonfarmPayrolls #Gold