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Market Update JPY rally after China comments, tonight’s NFP, USDJPY and GOLD Breakdown

jeffriess
November 1, 2019
by Joseph Jeffriess, Market Analyst

Article Recap

High-impact economic news:

• 11:30 pm USD Average Hourly Earnings EXP 0.3% – Non-Farm Employment Change EXP 90K – Unemployment Rate EXP 3.6%
• 1:00 am USD ISM Manufacturing PMI EXP 49.0

Afternoon traders, tonight we will see the latest US employment data with NFP figure expected to be quite low at 90,000 new jobs. How will this fair for the USD? The USD has been a little beat up this week after the Fed rate cut a and last night’s Yen rally after China cast doubts over a long-term deal with the US.

In today’s market update video we take a look at the USDJPY after is 80 pip fall and take a look at gold after its 1% rally. Tonight’s employment data is the end of what has been a very heavy news week.

With all key data, please manage you risk if you plan to trade the release as major news releases like the NFP can cause unexpected volatile moves.

All times are AEST.