Will Friday’s NFP report keep telling the same story? Or will it be a surprise figure?
The answer will come when the July NFP figures are printed at 8:30 a.m. in Washington. The median average estimates of economists surveyed are for non-farm payrolls to rise 193,000 in July, the unemployment rate to tick down to 3.9 percent from 4 percent and for average hourly earnings to advance 2.7 percent from a year earlier, the same as in June. Here’s what Forex Trust Club are forecasting ahead of the data: 175,000.
So a slight decline, could be a good day to go against the USD. Buy EUR USD maybe, or GOLD perhaps? Is that what you are considering like many other investors and traders?
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