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How Will Forex, Gold And Stock Markets React To Nonfarm Payrolls On Friday?

ByJason Sen
Published 08/04/2022, 10:36 AM
Updated 07/09/2023, 06:31 AM

In the following video, Jason Sen shares his views on forex, gold, and the U.S. stock market in light of tomorrow's Nonfarm Payrolls report.

Today's Trades

E-mini S&P 500 longs at strong support at 4110/4090 work as we hit my target of 4165, perhaps as far as 4210/20 today for profit taking.

Strong support again at 4110/4090. Longs need stops below 4080. A break lower meets strong support at 4030/20. Longs need stops below 4000.

NASDAQ longs at first support at 12850/800, targeting 13200/250. Watch for a high for the day here today. However, a break higher targets 13450, perhaps as far as very strong resistance at 13600/700.

First support at 12850/800. Longs need stops below 12750. A break lower is a sell signal targeting 12650/600, perhaps as far as strong support at 12350/300.

E-mini Dow Jones longs at strong support at 32300/250 target 32600/700 &33100, perhaps as far as 33250/300.

Strong support again at 32300/250. Longs need stops below 32200. A break lower targets 31900/800. Try longs with a stop below 31700.

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