NFP news event usually create lot of high volatility and whipsaw price action and as such trader's are eagerly waiting for Friday's NFP event. Expectations are high for an upbeat employment numbers and improvement in wage growth.
We have seen USD gains all across the board in last couple of days, after better than expected ADP Non-Farm Employment figures, which is considered a curtain raiser before actual NFP event.
Moreover, there were three major central bank rate announcements this week viz. from RBA, ECB & BoE and all three maintained dovish tone, as such in my opinion, this news event will set the tone for future trend on USD pairs.
I would be on the sidelines observing price action and will make my move after the dust is settled.
We have seen USD gains all across the board in last couple of days, after better than expected ADP Non-Farm Employment figures, which is considered a curtain raiser before actual NFP event.
Moreover, there were three major central bank rate announcements this week viz. from RBA, ECB & BoE and all three maintained dovish tone, as such in my opinion, this news event will set the tone for future trend on USD pairs.
I would be on the sidelines observing price action and will make my move after the dust is settled.