Important news for the day
- Fri, 10th, 14:30 CET US Nonfarm payrolls / average hourly earnings.
- Fri, 10th, 14:30 CET CA Unemployment rate / employment change.
NFP day
Today traders will focus on the NFP data moving forward. Open trades should be protected with stop losses as markets might offer erratic moves. Especially the still thin trading trading conditions might offer bigger moves as liquidity remains limited. Worth noting that XAU and XAG prices show further upside potential as recent support levels look solid Especially Gold might benefit from a potential weakness in the Dollar.On the flipside it seems that crypto markets might offer some downside momentum. Profit taking could be a reason why traders reduce their holdings, leading to sideways prices action and potential more downside opportunities.
Market talk
The biggest news event for the week will follow today with the release of the Nonfarm payrolls data. The ADP data on wednesday had shown a clear miss of the expected figure, yet does not qualify much as a preview. As the US economy still shows resilience to a major correction the figures might not move markets a lot. However, a potential negative figure might act as a catalyst to cause fresh weakness in the Dollar. Whether this will then be used for fresh entry opportunities to get into the Dollar might still be seen. Before the news the Dollar keeps trading in a sideways pattern on an intraday basis.
Tendencies in the markets
- Equities weak, USD strong (NFP news!), cryptos weaker, oil weaker, Silver positive, Gold positive, JPY weak.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. This Webinar is purely for information purposes. Transactions or orders are for illustrative purposes only and should not be copied by traders. The content has been carefully compiled. However, no liability can be accepted by FX Strategies. Asia and under no circumstances should this material replace a consultation with a certified financial, investment or investment advisor in terms of their accuracy. Further information on our risk warnings can be found on our website under fxstrategies.asia.
Recommended Content
Editors’ Picks

EUR/USD clings to daily gains above 1.0900, eyes on tariffs
EUR/USD keeps the bid bias well in place so far on Tuesday, hovering above the 1.0900 barrier on the back of fresh downside pressure in the Greenback amid investors' hope of trade negotiations.

GBP/USD looks bid and approaches 1.2800
GBP/USD maintains its fresh bullish bias in the upper-1.2700s, printing marked gains in response to some loss of impulse in the US Dollar, which in turn lent fresh legs to the risk-associated universe on Tuesday.

Gold trims gains and breaches $3,000
Gold prices now lose some upside momentum and slip back below the critical $3,000 mark per troy ounce. Tuesday's recovery in the yellow metal comes on the back of the weaker US Dollar as well as steady trade tensions, while higher US yields continue to cap gains.

Who is Satoshi? Crypto lawyer sues DHS to reveal Satoshi Nakamoto's identity
James Murphy, a cryptocurrency lawyer popularly known to his followers on X as "MetalLawMan," has filed a lawsuit in a D.C. District Court against the Department of Homeland Security (DHS). He intends to uncover the real face or faces behind Satoshi Nakamoto, the pseudonymous creator of Bitcoin.

The Fed is looking at a hefty price level
We are still in thrall to tariffs, the faux-macro “data” driving markets. The WSJ editorial board advised other countries to take their tariffs to zero so that Trump’s “reciprocal” tariffs will have to be zero, too. Cute, but no cigar.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.