We are expecting the payrolls to increase by 123k, although the forecasted range is from a low of 60k to as high as 180K. I dont want to chatter further about this, you can read it elsewhere on other websites.
Stronger dollar = The number has to be in excess of 120K
Weaker dollar = The number has to be lower than 100K
When watching for the NFP report, keep an eye on both the headline and revised number. Good luck guys..!!
Today's Pivot Points:
R2 = 1.3740
R1 = 1.3720
PP = 1.3684
S1 = 1.3664
S2 = 1.3628
Today's Calendar:
1- US Nonfarm Employment Change 8.30 pm
2- US ISM Non-Manufacturing Index 10.00 pm
Today's Strategy:
~None, I dont like to present my trade ideas pre-NFP.~
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