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US Non-Farm Payrolls & UK Interest Rate

   

Welcome to this week’s Market Blast Fundamentals where we will look at US Oil (WTI), UK Oil (Brent Crude), GBPUSD, AUDUSD, the US Non-Farm Payrolls, and the DAX (DE30).

 

The DAX opened this morning with a weekend gap as did many global stock indices.Screenshot 2020-05-04 at 09.19.37

 

An old story - US/China relations - is back and causing turmoil in the markets, combined with Coronavirus uncertainty.

 

Much of the economic news will be factored into pricing already but extremely bad numbers may cause volatility such as the US Unemployment Claims and the Non-Farm Payrolls.

 

Tomorrow the Reserve Bank of Australia will announce its Interest Rate decision with Retail Sales figures Tuesday.Screenshot 2020-05-04 at 09.20.01

 

We see AUD weakness in general.

 

Also, the Bank of England will announce its Interest Rate decision Thursday and the pound has been ranging for the last month.

 

Crude Oil has risen on the idea the many economies will be relaxing their social distancing restrictions and we will monitor this.

 

Don’t forget to register for our next Webinar on trading in Volatile Conditions 12 May, at www.valutrades.com under “Education”.

 

That’s all for now.  Happy trading with Valutrades and we will see you tomorrow.

 

CFDs and FX are leveraged products and your capital may be at risk.

Disclaimer:

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.

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