Gold Trade Ideas - Friday June 2 (NFP
Gold - Friday June 2
Market Structure:
- Weekly: Bullish
- Daily: Bearish
- 4H: Bullish
- 1H: Bullish (Ranging)
Data in focus:
- NFP
- Unemployment Rate
- Hourly Earnings
Fundamental Drivers:
- FED officials hinting towards a "skip" for this meeting which lowers market expectations of rate hike this month, but leaving the door open for hikes in future
- FED is "data-dependent" meaning inflation, labor market, and overall economic data has more market impact as the market will be anticipating future monetary policy
- Solid economic data, including today's NFP, will mean economy is strong which leads to more persistant inflation, which leads to markets pricing in higher rate hikes for longer (strong data -> USD bull)
- Weak economic data means the economy is slowing which will help lower inflation, which leads to markets pricing in rate cuts sooner (weak data -> USD bear)
Market Structure:
- Weekly: Bullish
- Daily: Bearish
- 4H: Bullish
- 1H: Bullish (Ranging)
Data in focus:
- NFP
- Unemployment Rate
- Hourly Earnings
Fundamental Drivers:
- FED officials hinting towards a "skip" for this meeting which lowers market expectations of rate hike this month, but leaving the door open for hikes in future
- FED is "data-dependent" meaning inflation, labor market, and overall economic data has more market impact as the market will be anticipating future monetary policy
- Solid economic data, including today's NFP, will mean economy is strong which leads to more persistant inflation, which leads to markets pricing in higher rate hikes for longer (strong data -> USD bull)
- Weak economic data means the economy is slowing which will help lower inflation, which leads to markets pricing in rate cuts sooner (weak data -> USD bear)
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.
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.