Today, traders and investors will focus on Nonfarm Payrolls data at 3:30 pm GMT+3. The estimated value is 190k new jobs in the nonfarm sector. Data above expectations would support the dollar short-term and the price of US indices, while data below expectations would have a negative effect on green bucks and stock markets, but again short-term.
The tensions in Italy and Spain are currently trading on the stock and fx markets, as well as the new trade rhetoric that Donald Trump has continued since yesterday. Rather, we can expect the NFP data to have a weak impact on the markets today.
Expectations of big players range between 150k and 250k and average expectations for 191.1k, which is a prerequisite not to expect serious volatility unless there is a large deviation in the current value against the estimated 190k.
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