Today, we have a larger number of economic data release, with focus on the US NFP (employment) data. A quiet afternoon of price movements is anticipated as traders waits for the NFP release. We anticipate a slightly stronger data approximately 220k, compared to the forecast of 190k.
Significant price volatility will arise if there is evidence of growth in the hourly earnings data.
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While price could continue moving up, however, being prudent to take profit prior to news release is just as important