Weekly Forex Trade Predictions May 4 – 8, 2020
This week I expect the US Dollar to gain at least until Friday when the Non-Farm Payroll hits. Then we will most likely see a drop in the USD.
Expect other pairs such as the AUDUSD, GBPUSD, and EURUSD to be dropping this week; especially if the Dollar is headed up.
For high impact news this week, we can expect a moderate amount of volatility since there is a fair amount of high impact news; especially concerning the New Zealand Dollar, US Dollar, and Canadian Dollar. This Friday is, in fact, Non-Farm Payroll, so please be careful this Friday when trading during that time.
You can use this news calendar to mark all dates and times on your personal calendars so as to avoid trading during that time.
Please contact me on Facebook if you have any questions or comments about this analysis or if you have ANY questions about a particular currency pair. I will be more than happy to help you.
Thank you and have a wonderful week trading!
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