Dear traders,
November 4 is expected to publish data on the Nonfarm Payroll, an indicator of US employment in the industrial sector. The report significantly affects the movement of the US dollar and related instruments.
What kind of reaction to expect from the market, let’s find out from our expert:
Leading indicators of employment from ISM for the industry and the services sector indicate the release of positive data on Non-Farm Employment, which is favorable for the growth of the dollar. On Friday, consider selling AUDUSD, EURUSD and buying USDTRY, USDJPY.
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