{"id":24470,"date":"2023-03-10T09:30:00","date_gmt":"2023-03-10T09:30:00","guid":{"rendered":"https:\/\/fxglobe.wpenginepowered.com\/happy-nfp-day\/"},"modified":"2023-07-04T09:57:31","modified_gmt":"2023-07-04T09:57:31","slug":"happy-nfp-day","status":"publish","type":"post","link":"https:\/\/www.fxglobe.com\/pt-pt\/happy-nfp-day\/","title":{"rendered":"Happy NFP Day: Insights, Analysis, and Trading Strategies"},"content":{"rendered":"\n<p>Good morning Traders!<\/p>\n\n\n\n<p>In the testimony before the US House, <a href=\"https:\/\/www.cnbc.com\/video\/2023\/06\/21\/fed-chair-jerome-powell-we-understand-the-importance-of-community-banks.html\">FED chair Jerome Powell<\/a> has said that they have not yet made a decision in regard to the upcoming rates, and that this will depend on the incoming job reports and inflation readings. With that in mind, today\u2019s non-farm payroll numbers may give traders further hints on the potential size and pace of future rates hikes by the FED.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">USDCAD<\/h2>\n\n\n\n<p>Non-farm payroll numbers have a tendency to move the market and create volatility, the direction of the move depends not only on the actual number vs. the expectation, but also on the current narrative in the market.<\/p>\n\n\n\n<p>If today\u2019s number will cause a selloff reaction in the US dollar, I will be paying close attention to <a href=\"https:\/\/www.fxglobe.com\/usdcad-can-price-break-1-3700\/\" data-type=\"post\" data-id=\"24325\">USDCAD<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/USDCAD-D-2-scaled.jpg\" alt=\"\" class=\"wp-image-10732\"\/><\/figure>\n\n\n\n<p>On the Daily chart, the <a href=\"https:\/\/www.fxglobe.com\/gbpusd-at-four-weeks-high\/\" data-type=\"post\" data-id=\"29635\">market<\/a> is currently very overextend from it\u2019s Moving Averages, and the level I am eyeing for a potential pullback is the 1.37, this is also the previous swing Higher High on the weekly chart. Drawing the Fibonacci retracement of the latest move has the 50% retracement clustering very nicely with this level, and it also has the 61.8% clustering with the Daily swing Higher High.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/USDCAD-W-2-scaled.jpg\" alt=\"\" class=\"wp-image-10742\"\/><\/figure>\n\n\n\n<p>If and when the market will pullback into this area, price action will also be back in the area of it\u2019s Moving Averages. As always, I\u2019ll be looking at the lower timeframes for signs that the pullback is over, and that the buyers are ready to take control once again.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.fxglobe.com\/wp-content\/uploads\/2023\/05\/USDCAD-M-scaled.jpg\" alt=\"\" class=\"wp-image-10737\"\/><\/figure>\n\n\n\n<p>Happy Trading!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning Traders! In the testimony before the US House, FED chair Jerome Powell has said that they have not yet made a decision in regard to the upcoming rates, and that this will depend on the incoming job reports and inflation readings. With that in mind, today\u2019s non-farm payroll numbers may give traders further [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":20218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"Happy NFP Day: Insights, Analysis | %%sitetitle%%","_seopress_titles_desc":"Celebrate NFP day with insights, analysis, and trading strategies. Stay ahead of market movements and make informed trading decisions for success.","_seopress_robots_index":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-24470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-updates"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/posts\/24470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/comments?post=24470"}],"version-history":[{"count":0,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/posts\/24470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/media\/20218"}],"wp:attachment":[{"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/media?parent=24470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/categories?post=24470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fxglobe.com\/pt-pt\/wp-json\/wp\/v2\/tags?post=24470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}