In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we take a close look at both NFP and US Indices higher.
At 1.30 pm UK time today, we have the Non-Farm Payroll data out. Employment and how much people earn is a very important indicator of an economies strength. The more people there are in work then the more people to earn money and spend. As a result, be mindful of this event and protect your capital going into it if you have any dollar related trades open.
Elsewhere, there is a mild positive sentiment that a phase one trade deal will be agreed in the near future. As a result, following the recent sell-off, we now have the opportunity to buy once more. However, we are only looking to buy above 3124, which is a significant level of resistance in this market.
NFP and US Indices Higher – Full Video Analysis
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