as we know today we have Average earnings m/m in about 30 minutes,
the forecast for average earnings are still around 0.4% but, as we know we had bad news on ADP for us economy on yesterday, there is a stability potential for the same results on average earnings,
therefore, we also have unemployment rates today, showing the exact number of 3.5% , which is a bit scary,
if there is problems with ADP on USD, how the unemployment rate is going to be the same percentage before? is it possible?
i dont think so,
so I am thinking about potentials of a bearish USD move, by NFP actual numbers, so, check WASDE on usda.gov/oce to check the monthly reports on agriculture exports and productions, you'll notify that the amount of the previous news ( unemployment claims and somehow ADP) is not effected by the agricultural fields in US economy,
by the way, i am supposed to wait for a potential support before the announcement, then i go for gold buys, lets see how the market shows it's technical views.
I AM NOT THINKING ABOUT SELLING GOLD.
USE PROPER RISK MANAGEMENT
the forecast for average earnings are still around 0.4% but, as we know we had bad news on ADP for us economy on yesterday, there is a stability potential for the same results on average earnings,
therefore, we also have unemployment rates today, showing the exact number of 3.5% , which is a bit scary,
if there is problems with ADP on USD, how the unemployment rate is going to be the same percentage before? is it possible?
i dont think so,
so I am thinking about potentials of a bearish USD move, by NFP actual numbers, so, check WASDE on usda.gov/oce to check the monthly reports on agriculture exports and productions, you'll notify that the amount of the previous news ( unemployment claims and somehow ADP) is not effected by the agricultural fields in US economy,
by the way, i am supposed to wait for a potential support before the announcement, then i go for gold buys, lets see how the market shows it's technical views.
I AM NOT THINKING ABOUT SELLING GOLD.
USE PROPER RISK MANAGEMENT
Trade closed: target reached
SECOND WAVE OF ELLIOT ALSO HAVE POTENTIALS OF BULLISH MOVEMENT.
MAYBE ...