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Friday, 2 June 2017

Pre-NFP Payrolls Trading Plan

Trading plan for 02/06/2017: 
Strong data from ADP and ISM are supporting the US Dollar, but the market is in the waiting mode ahead of the key event of the week, Non-Farm Payrolls report. USD/JPY climbs above 111.50, followed by the Nikkei breaking 20,000 for the first time since December. Gold weakens under strong Dollar pressure and WTI crude oil is unable to hold higher. 
On Friday 2nd of June, the event calendar is busy with important news releases, so global investors will pay attention to PMI Construction data from the UK, Producer Price Index from the Eurozone, Trade Balance from Canada and Unemployment Rate and Non-Farm Payrolls data from the US.


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