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 Payrolls (NFP), set to be released tomorrow, December 7th, at 13:30 GMT. As can be seen in the chart below, following a better than expected Non-Farms report last month, a strengthened US dollar resulted in the price of gold tumbling by more than $20 an ounce.
Don’t miss out on another opportunity to capitalize on market volatility!
Analysts widely agree that the Non-Farms report is the most significant news event on the forex calendar. With tomorrow’s figure forecasted to come in at 91K, well below last month’s 171K, the US dollar may take significant losses before markets close for the weekend. Any bearish dollar movement could result in gains for commodities and precious metals, including gold and silver. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don’t miss out!
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