DAX NFP MOVE
Today we have the big NFP event again.
With US elections coming, more and more signs of a rate hike coming soon, Brexit and other fears in the market (like a potential new banking crisis), today's NFP could push the markets into bear modus.
Either if the number beats expectations (225K or more), which means rate hike can be incoming soon, or the number is lower than expected (below 150k), which means the economy is failing, I believe the move of the markets will be down.
There is only one IF, that is IF the markets push much lower before NFP release, this could be trickery.
Key Levels DAX:
- 10800 Prepare to short
- 10250 Prepare to long
- 10400-10420 1st Target short
- 10360 2nd Target short
With US elections coming, more and more signs of a rate hike coming soon, Brexit and other fears in the market (like a potential new banking crisis), today's NFP could push the markets into bear modus.
Either if the number beats expectations (225K or more), which means rate hike can be incoming soon, or the number is lower than expected (below 150k), which means the economy is failing, I believe the move of the markets will be down.
There is only one IF, that is IF the markets push much lower before NFP release, this could be trickery.
Key Levels DAX:
- 10800 Prepare to short
- 10250 Prepare to long
- 10400-10420 1st Target short
- 10360 2nd Target short
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