U.S Nonfarm Payrolls (Apr) rises to 223 K , Sideways market in sight !!

USA Nonfarm payrolls min
USA Nonfarm payrolls min

Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.

The U.S Nonfarm Payrolls rose from 126 K to 223 K in the previous month, analysts had expected U.S Nonfarm Payrolls to rise towards the 224 K last month …

This development could bring sideways move ….anyway …the Next H4 closure will be in 25 min ,,,,,

I like to see which direction the market choose …I’m gonna update forecast within 30/40 min…

check back later…….


Note that U.S Unemployment Rate (Apr) released 5.4% as expectations ………..

Update :

The market is completely  mixed , If we take a quick look to EURUSD H4 chart , EURUSD should move north , support comes at the 1.1172 levels stability above this level on a 4 hour closing basis will try pushing the pair beyond 1.1253 levels ….stability above the 1.1253 levels on a 4 hour closing basis could mean a return to the 1.1390 levels …but I think it’s unlikely today …

So buying the pair on dips still recommended but don’t expect high volatility………..don’t buy around resistance levels(it could be risky)……scalpers may sell -cautiously – around resistance levels !!!!

 

EURUSD_H4)update May-08

USDINEX H4 also points upward .as long as 94.47 support holds , further upside couldn’t be ruled out ……..so mixed moves could be seen the upcoming hours …

USDINDEX_H4)update May-_009

MARKET DATA

UPCOMING ECONOMIC EVENTS

1 COMMENT

  1. Thank you, Master Haitham, above all “posts prediction” her. With that post, my trading becomes easier. Hopefully Master Haitham always successful.

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