#NFPWatch NFPWatch is heating up! 🔥 Here's what's trending:

Market Expectations

- *Jobs Added*: Traders expect 111,000 jobs to be added in the latest Non-Farm Payrolls report, down from 139,000 in the previous report.

- *Economic Impact*: The report will likely influence market sentiment, with strong data potentially boosting the USD and weakening gold, while weak data could lead to the opposite.

Market Reaction

- *USD and Gold*: The USD jumped and gold dropped after June's NFP report surprised to the upside with 147,000 new jobs added.

- *Volatility*: Mixed wage signals have kept volatility high, with traders advising caution and patience during the report's release.

Trading Strategies

- *Choose Your Bias*: Traders should decide their bias based on expected market reaction:

- *Strong Data*: USD up, gold down

- *Weak Data*: USD down, gold/risk assets up

- *Neutral*: Wait for a clean setup post-spike

- *Key Levels*: Map support and resistance levels on major currency pairs like EUR/USD, GBP/USD, and USD/JPY.

Cryptocurrency Impact

- *NFPrompt (NFP)*: The cryptocurrency's price has been fluctuating, with a current price of around $0.0547 and a 24-hour change of -5.85% .

Stay tuned for more updates on the NFP report and its impact on the markets! 📊 #NFPWatch #NonFarmPayrolls #MarketAnalysis