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MongiIG

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Blog Comments posted by MongiIG

  1. IG Trading the Markets Podcast:

    Cybersecurity specialist, Neira Jones, discusses recent concerns around data security as one of the main reasons for the intervention by Chinese authorities in the affairs of Chinese corporates in the West, including DiDi and Alibaba.

    Our Podcasts are now available on SpotifyApple Podcasts, Google Podcasts and Deezer Podcasts. You can also find more information by following the link here.

  2. US DOLLAR PRICE OUTLOOK: ALL EYES ON NONFARM PAYROLLS REPORT

    • Broad-based US Dollar strength is propelling the DXY Index to 12-week highs ahead of NFPs
    • US Dollar bulls are flexing their muscles due to the threat that FOMC officials may taper QE
    • Nonfarm payrolls might need to top 845K to catalyze a sustained breakout by the US Dollar

     

    NFP: Non-farm Payrolls Prints at +428k v/s +391k Forecast, Unemployment at  3.6

    MAIN TALKING POINTS

    • Non-Farm Payrolls (NFP) releases create volatility in the forex market.
    • NFP measures net changes in employment jobs.
    • Forex traders use an economic calendar to prepare for NFP releases.

     

    NFP releases generally cause large movements in the forex market. The NFP data is normally released on the first Friday of every month at 1:30PM (UK Time). 

    News from DailyFX

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