EURUSD Scalp: Labor Data in Focus
Buckle up traders, this week's volatility is coming straight from the US labor market!
We've got a data deluge headed our way:
• JOLTs Job Openings (Wednesday)
• Initial Jobless Claims (Thursday)
• Non-Farm Payrolls (Friday)
Previous NFP numbers hinted at a softening labor market, fueling the debate: Will the Fed go for a 25 or 50 bps cut? Right now, it's leaning 25 bps, but softer labor data could swing things toward 50.
Here's the play:
Strong data = Dollar 💪, EURUSD could break 1.1000. Time to short!
Weak data = Dollar 📉, bigger cut likely, EURUSD could rally up.
My take? Friday's Personal Income data flashed an inflation warning, giving the dollar a boost. If this keeps up, I'm eyeing a short scalp on EURUSD, targeting that 1.1000 level. But I'll be patient, waiting for enough volatility to jump in.
We've got a data deluge headed our way:
• JOLTs Job Openings (Wednesday)
• Initial Jobless Claims (Thursday)
• Non-Farm Payrolls (Friday)
Previous NFP numbers hinted at a softening labor market, fueling the debate: Will the Fed go for a 25 or 50 bps cut? Right now, it's leaning 25 bps, but softer labor data could swing things toward 50.
Here's the play:
Strong data = Dollar 💪, EURUSD could break 1.1000. Time to short!
Weak data = Dollar 📉, bigger cut likely, EURUSD could rally up.
My take? Friday's Personal Income data flashed an inflation warning, giving the dollar a boost. If this keeps up, I'm eyeing a short scalp on EURUSD, targeting that 1.1000 level. But I'll be patient, waiting for enough volatility to jump in.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.