What market moves will happen this morning?
With the US Non Farm Payroll report due at 8:30 EST can we expect to see a recovery in the price of Gold and a decline in the US Dollar Index?
Overnight the US Dollar Index has hesitated a little with traders waiting to see the economic reports due at 8:30.
US Dollar Index |
Gold fell overnight and has since recovered a bit, the chartists may be encouraged by the long wick on the most recent candle
Gold |
All in all, the markets may be volatile today depending on the Non Farm Payroll report, Considering the record highs being seen this week on the indexes a favorable report may see an exciting finish to this week..