What You Need To Know From The Forex Market Today 6th Sept 2019 – profxtigers

What You Need To Know From The Forex Market Today 6th Sept 2019

  • US Non-Farm Payrolls figures for August stand out today. They are expected to rise by 158K. Wage growth is projected to decelerate from 3.2% to 3.1%. See US Non-Farm Payrolls Preview: Against all odds
  • Jerome Powell, Chair of the US Federal Reserve, will speak in Zurich late in the day and will have the opportunity to respond to the jobs figures. More importantly, he will be the last official to speak before the Fed’s “blackout period” ahead of its decision on September 18.
  • Canada is expected to report an increase in jobs in August after losing positions in July. The unemployment rate is set to remain unchanged at 5.7%. 
  • GBP/USD is holding onto its gains as the chances of a hard Brexit fade. Opposition parties are eyeing October 29 as the potential election date. That would force prime minister Boris Johnson to ask for an extension under the new bill on October 19. The PM prefers elections on October 15. The bill is set to be approved by the House of Lords today and turn into law on Monday. 

We know fundamental traders are waiting patiently to kill the market. But before you think about that also there are some things to know during the NFP Event. See more here >> https://profxtigers.com/2019/07/04/non-farm-payrolls-trading-tips-every-trader-needs-to-know/

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Duosantos Maliva

Thanks man