Good day to all, this week surely an interesting one and I'm looking forward to see what next month will come out. Though bears has been showing up recently and I believe they have a reasonable motivation to do so. But on the other hand, bulls have the very much same as bears.
My main focus next week will be ECB and NFP.
For ECB, keep in mind that they will cut rates on upcoming meeting, but what to look into is what signal they provide for their next action. A more cuts to come or wanting to join 'wait and see' game. This could be my change to bear bias on eur. Let's see.
For NFP, the data is expected to show slightly increasing in job but overall this could be a defend barrier to another fabricated number, mostly came from parttime job or to say all are illegal immigrants. A slow down could be much more reasonable than a higher than expected one.
Happy weekend to all.
My main focus next week will be ECB and NFP.
For ECB, keep in mind that they will cut rates on upcoming meeting, but what to look into is what signal they provide for their next action. A more cuts to come or wanting to join 'wait and see' game. This could be my change to bear bias on eur. Let's see.
For NFP, the data is expected to show slightly increasing in job but overall this could be a defend barrier to another fabricated number, mostly came from parttime job or to say all are illegal immigrants. A slow down could be much more reasonable than a higher than expected one.
Happy weekend to all.
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