The U.S Jobs Report is due this Friday and it certainly smells good from here and while the S&P 500 is at records high the US economy is doing better than expected, to say the least.
Also based on President Trump, his Tweets says it all:
And just a while ago:
It’s no doubt investors and Forex traders, in particular, are impatiently waiting for the numbers to be released while some already have a target price set for USDJPY and XAUUSD; based on the forecast NFP is set to 175k vs 65K in May which has potential to move the dollar higher than it is now but that is not guaranteed.
This event is usually known for its volatility once released so we recommend taking care of your account margin before entering a position prior and or after the release of the NFP event.
Note: *The release of the NFP occurs on the first Friday of every month. The release creates an advantage for stocks and forex traders who are active because it provides opportunities for large profits.
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