Dear clients,
On October 6, we are expecting the publication of data on Nonfarm Payroll, a measure of U.S. manufacturing employment. The report significantly affects the movement of the US dollar and related instruments.
What indicators are expected this time, let’s find out from our expert:
ISM’s leading employment indicators point to the release of positive Non-Farm Employment data, which is favourable for the US dollar growth, as in this case the US Federal Reserve may raise interest rates at its November 1 meeting. On Friday consider selling GBPUSD, AUDUSD, XAUUSD, #NQ100.
