The US releases its May jobs report this Friday, and with it, a cold breeze: the jobs market might be losing momentum, or is it?
The numbers beat expectations throughout the week, but now the main event is here. On Tuesday, we had the JOLTS job openings come in at 7.6M and ADP employment change at 122K, against 105K the month before.
With the upcoming NFP release, markets are expecting 102K new positions added, following 115K the month before.
XAUUSD, EURUSD, USDJPY, GBPUSD and USTEC are all in focus.
Bonus: Our loonie traders have an extra reason to pay attention this Friday. Canada's employment data is also due. Indeed, a lot to digest in one session.
Don your coat, because winter may be coming earlier. What happens to job numbers on Friday could shape what the Fed does next, especially with energy-driven inflation still in the picture.
The numbers beat expectations throughout the week, but now the main event is here. On Tuesday, we had the JOLTS job openings come in at 7.6M and ADP employment change at 122K, against 105K the month before.
With the upcoming NFP release, markets are expecting 102K new positions added, following 115K the month before.
XAUUSD, EURUSD, USDJPY, GBPUSD and USTEC are all in focus.
Bonus: Our loonie traders have an extra reason to pay attention this Friday. Canada's employment data is also due. Indeed, a lot to digest in one session.
Don your coat, because winter may be coming earlier. What happens to job numbers on Friday could shape what the Fed does next, especially with energy-driven inflation still in the picture.
NZDUSD broke below 0.5920 and both EMAs before retesting the ascending trendline. The unclear market structure indicates potential consolidation.
If NZDUSD falls below the trendline and 0.5840, the price may retreat further toward the next support at 0.5770.
Conversely, breaking above both EMAs may prompt the price to advance toward the immediate resistance at 0.5920.
If NZDUSD falls below the trendline and 0.5840, the price may retreat further toward the next support at 0.5770.
Conversely, breaking above both EMAs may prompt the price to advance toward the immediate resistance at 0.5920.
Here are the important upcoming news events that could affect your trading. Learn more: https://exness.social/4gF2Ndl
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US500 is caught in a tug-of-war 👀
The index recovered from 7370 before testing the EMA21 and pulling back, and it's now sitting between both EMAs above the previous swing low, suggesting consolidation. As long as it holds above 7370, price may range within 7370–7500, while a close below 7370 could open the door to a decline toward the EMA63 and the next support at 7200.
So… are you buying, selling, or holding?
The index recovered from 7370 before testing the EMA21 and pulling back, and it's now sitting between both EMAs above the previous swing low, suggesting consolidation. As long as it holds above 7370, price may range within 7370–7500, while a close below 7370 could open the door to a decline toward the EMA63 and the next support at 7200.
So… are you buying, selling, or holding?
The wait is over. SpaceX has entered the market and nothing about this IPO is ordinary. At 1.75 trillion USD, this is the largest listing in history.
But for traders, the picture is larger than size alone. SpaceX brings record-breaking fundraising, intense retail participation, and a business model spanning space, broadband, defence and AI.
The newest addition to a constellation of trading instruments on Exness.
Markets have seen big IPOs before. They haven't seen this.
Prepare to trade SpaceX CFDs with Exness.
But for traders, the picture is larger than size alone. SpaceX brings record-breaking fundraising, intense retail participation, and a business model spanning space, broadband, defence and AI.
The newest addition to a constellation of trading instruments on Exness.
Markets have seen big IPOs before. They haven't seen this.
Prepare to trade SpaceX CFDs with Exness.
Friday's easing of Middle East tensions already put the dollar on the back foot, easing oil prices and cooling inflation fears. That's the backdrop heading into the most important 48 hours of the month for GBPUSD.
Wednesday brings the Fed's first decision under new Chair Kevin Warsh at 18:00 GMT. A hold at 3.50–3.75% is almost certain, but all eyes will be on his tone at 18:30 GMT. How he frames the path ahead could move markets on its own.
Thursday the Bank of England follows at 11:00 GMT, with the press conference at 11:30 GMT. After April's 8-1 vote, sterling has something to say too.
The framework points to cable getting volatile, but nothing is guaranteed in a week like this. Keep the cable plugged in. 🔌
Wednesday brings the Fed's first decision under new Chair Kevin Warsh at 18:00 GMT. A hold at 3.50–3.75% is almost certain, but all eyes will be on his tone at 18:30 GMT. How he frames the path ahead could move markets on its own.
Thursday the Bank of England follows at 11:00 GMT, with the press conference at 11:30 GMT. After April's 8-1 vote, sterling has something to say too.
The framework points to cable getting volatile, but nothing is guaranteed in a week like this. Keep the cable plugged in. 🔌