United States Non Farm Payrolls
The trend is rising over a twelve month period, held steady for a six month period and could be considered to have declined over a three month period.
With a consensus of 180 thousand, nothing changes too much from a trend view.
|Chart||Trend Direction||Trend Break Zone|
- Low risk entry at 111.85
- High risk entry at N/A
Fundamental and Geopolitical Analysis
“The stance of monetary policy remains accommodative, thereby supporting strong labor market conditions and a sustained return to 2 percent inflation.”
- Stock market sustained losses in previous week but set to recover
- Traders direction mixed but it appears more are opn the sidelines than invested so a rally could be expected.
Buying up the dollar from low risk entry makes sense fundamentally in the run up to Non Farm Payroll release.
Image credits: Aron Van de Pol