12:34, 05 July

Daily Analysis

Yesterday was a holiday in the US so markets were quiet and we can see some consolidation.

The forecast for the NFPs is 165K new jobs and a number below this will cause the USD to weaken and a number above this will cause the USD to strengthen.

A typical strategy with any Economic News Event is to take advantage of counter trend price action.

For example, we are currently seeing Dollar weakness on AUDUSD, USDCHF, NZDUSD and USDJPY.