Dear clients,
On August 4, the Non-farm Payroll, a measure of US industrial employment, is expected to be published. The report greatly influences the movement of American dollar and related instruments.
Let’s find out what indicators are expected this time:
ISM manufacturing and services leading employment indicators point to the release of weak Non-Farm Employment data, which is negative for the US dollar. At the same time, the stock market is on a technical correction. Due to the release of the report we should expect a sell-off in the stock market.
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