NFP

Market Review 03-05

Market Review 03-05

Jobs Friday is coming!

Yes, this Friday we are having one of the most important reports for the US Economy and the World as well!

The question is:

How many jobs were added in April, considering Government and Private Sector, in the US?

The number is important because it gives investors a view if the Economy is getting stronger or weaker.

Above forecast = Stronger Economy = Dollar historically goes positive

Below forecast = Weaker Economy = Dollar historically goes negative

What Happened last month:

U.S. Firms Added Most Workers in Nine Months in April, ADP Says

Source: https://www.bloomberg.com/news/articles/2019-05-01/u-s-firms-added-most-workers-in-nine-months-in-april-adp-says

EUR/USD: Techs lean bearish ahead of US non-farm payrolls

EUR/USD will likely revisit the recent low of 1.1110, as suggested by technical charts, if the US non-farm payrolls and more importantly, the wage-price inflation, scheduled for release at 15:30 today, blows past expectations.

Ahead of the Fed, the EUR/USD could take cues from German Bundesbank President Weidmann’s speech (due at 11:00 GMT) and the preliminary Eurozone consumer price index for April, scheduled for release at 12:00 GMT.

https://www.fxstreet.com/news/eur-usd-techs-lean-bearish-ahead-of-us-non-farm-payrolls-201905030420

Pivot- 1.1170

Short below 1.1210 with targets 1.1110 & 1.1085 in extension.

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1.1110
1
€ 3,333.33
€ 6,666.67
€ 528.00
5
€ 16,666.67
€ 33,333.33
€ 2,640.00
10
€ 33,333.33
€ 66,666.67
€ 5,280.00
25
€ 83,333.33
€ 166,666.67
€ 13,200.00
50
€ 166,666.67
€ 333,333.33
€ 26,400.00

Price of Gold Fundamental Daily Forecast – Could Break Sharply if Payrolls Jump Above 210K

Non-Farm Payrolls are estimated to have risen 180k. The unemployment rate is expected to come in unchanged at 3.8% and Average Hourly Earnings are expected to have risen 0.3%.

Unless there is a huge miss to the downside in the U.S. Non-Farm Payrolls for April, there should be little in the news that could boost gold prices

Pivot -1272.20

Short below 1278.80 with targets 1261.19 & 1256.16 in extension.

Number of Lots:
Required Margin:
Risk Management (200%):
Potential Profit / Loss @ 1261.19
0.5
€ 2,839.73
€ 5,679.46
€ 491.52
1
€ 5,679.46
€ 11,358.93
€ 983.04
5
€ 28,397.32
€ 56,794.64
€ 4,915.18
10
€ 56,794.64
€ 113,589.29
€ 9,830.36
20
€ 113,589.29
€ 227,178.57
€ 19,660.71

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