Source: ForexYard
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to pay careful attention to the US Non-Farm Employment Change, set to be released today, September 7th at 12:30 GMT. The Non-Farm indicator is widely considered to be the most significant event on the forex calendar and consistently leads to market volatility. As can be seen in the chart below, last month’s better than expected figure led to major gains for the EUR/USD.
Don’t miss out on another opportunity to capitalize on market volatility!
Today’s news is forecasted to come in at 121K, well below last month’s 163K. If the predictions turn out to be true, speculations that the Fed will soon take steps to boost the US economic recovery could increase, which may lead to dollar losses before markets close for the weekend. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don’t miss out!
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