Reports:
U.S. nonfarm payrolls report for May 2025.
This economic indicator provides insight to jobs added or lost in the economy, excluding farm workers, private household employees, and non-profit organization employees.
Policymakers pay close attention as it reflects the labor market and can influence decisions related to monetary policy.
The forecast is about 130,000 jobs with unemployment rate around 4.2%
With our last report was 177,000 and the forecast being 130,000 could signal weakness or consolidation if target is exact or lower.
Price is currently testing this week's high of 114.396 which is near our key resistance of 114.784 it might test that before the report is released but if not, I expect more consolidation until 8:30am.
Targets:
Buy: open and close above 114.784
Sell: open and close below 143.282
With the news coming soon be aware that price is sensitive to this report and based off the numbers we could see a move where price isn't subject to much consolidation between the target areas.
please be sure to lock in profits from my last trade.
U.S. nonfarm payrolls report for May 2025.
This economic indicator provides insight to jobs added or lost in the economy, excluding farm workers, private household employees, and non-profit organization employees.
Policymakers pay close attention as it reflects the labor market and can influence decisions related to monetary policy.
The forecast is about 130,000 jobs with unemployment rate around 4.2%
With our last report was 177,000 and the forecast being 130,000 could signal weakness or consolidation if target is exact or lower.
Price is currently testing this week's high of 114.396 which is near our key resistance of 114.784 it might test that before the report is released but if not, I expect more consolidation until 8:30am.
Targets:
Buy: open and close above 114.784
Sell: open and close below 143.282
With the news coming soon be aware that price is sensitive to this report and based off the numbers we could see a move where price isn't subject to much consolidation between the target areas.
please be sure to lock in profits from my last trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.