Where next for the USD and gold ahead of NFP?

Where next for the USD and gold ahead of NFP?

by Quantum Trading Comment Closed
https://youtu.be/2q7Ev2V7ASQ What Is NFP and Why Is It Important? NFP stands for Non-Farm Payrolls. It's one of the most influential economic reports in global markets. Released by the US Bureau of Labor Statistics on the first Friday of each month at 8:30 AM ET (13:30 GMT), it measures job creation in the US economy excluding farm workers, government employees, and a few other categories. Over the last few days the US dollar has seen some much-needed upside momentum which in turn has driven the price of gold lower. So how much longer is the is the US dollar set to rise, or for gold to fall? Key Components of the NFP Report Headline Number: Net new jobs added (or lost) last month. Forecast vs actual drives reaction. Unemployment Rate: Percentage of workforce unemployed. Average Hourly Earnings: Wage growth—signals inflation pressure. Revisions: Previous months often adjusted. Strong NFP (beats forecast) = robust economy. Weak = slowdown concerns. Why NFP Is So Important NFP is a top-tier event for...
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The three indices we often forget as forex traders!

by Quantum Trading Comment Closed
https://youtu.be/lYtz5YrK5ro The Three Indices We Often Forget as Forex Traders! Forex traders focus heavily on currency pairs. But intermarket analysis is key. Three indices often get overlooked. They drive risk sentiment and currency flows. Ignoring them misses big clues. These three indices complete relational analysis. Combine with Quantum indicators on MT5 or NinjaTrader for fuller context. Anna Coulling's VPA approach integrates them seamlessly. Don't forget—markets are connected! In this video we explain the importance of understanding where the three major currencies are heading, whether intraday or on a longer term basis. The three main currencies are of course the US dollar, the Japanese yen and the single currency of the euro. The Quantum Trading suite of tools and indicators delivers an index for all three. Using the tab feature in NinjaTrader 8 offers a compact and efficient way to monitor these key currencies across all timeframes whilst optimising screen space. This allows you as a forex trader to track these currencies, and from there have...
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