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Hi All,
Last week focus was on the US Non-farm payrolls Friday for clues about the chances of a Federal Reserve rate hike soon.
Positive ADP job data at 177K on Wednesday showed labour market strength.
So, all eye's were on Friday's NFP job data to confirm labour market strength seen in ADP job data release.
But actual data of 151K against expectation of 180K new jobs in Friday's Non-farm payroll data showed labour market weakness.
This should make USD bulls take a breather !!
So, next week's trades will be dependent on how the big banks aka smart money interpret this data.
That's it for now fellas !!
Never give up against adversity - both in life and trading !!
Last week focus was on the US Non-farm payrolls Friday for clues about the chances of a Federal Reserve rate hike soon.
Positive ADP job data at 177K on Wednesday showed labour market strength.
So, all eye's were on Friday's NFP job data to confirm labour market strength seen in ADP job data release.
But actual data of 151K against expectation of 180K new jobs in Friday's Non-farm payroll data showed labour market weakness.
This should make USD bulls take a breather !!
So, next week's trades will be dependent on how the big banks aka smart money interpret this data.
That's it for now fellas !!
Never give up against adversity - both in life and trading !!
