How will FX pairs fare following today’s major economic data releases? | @Themarketchronicles
Channel: CMC Markets plc
Date: 2023-08-30

Yesterday, US markets saw notable activity after the JOLTS report showed a drop in job openings from 9.16m in June to 8.8m in July, slightly below the expected 9.5m. This data can be seen from two angles: either demand for employees is slowing, or employers are filling long-vacant positions due to a potential re-entry of workers who left during the pandemic. Today’s ADP employment report is expected to show 195,000 jobs added, down from last month's 324,000, while the second estimate of US Q2 GDP expected to come in at 2.4%. Michael Kramer, founder of Mott Capital Management, offers his short-term forecasts for EUR/USD, GBP/USD and AUD/USD, ahead of these important data releases.

#USD #Euro #Trading #TechnicalAnalysis #DayTrading 

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