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  • It was a brutal week for the British Pound against the US Dollar and Japanese Yen, but it remains to be seen whether this can lead into fresh long-term trends. Get your market update from @JStanleyFX here: https://t.co/xMzWYNUzFx https://t.co/Bvsj7fHJJt
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  • Here are the top scheduled event risks on my calendar for the coming week. Global PMIs, a few rate decisions, the Fed's bank stress test results, the Fed's favorite inflation indicator and a run of Fed speak among much more: https://t.co/3jIl4PvHiA
  • I know it is a cognitive bias, but it seems that every time I take a day off, there are significant market moves. Dow's tumbled into a 5th straight session Friday with 10-day correlation to Nasdaq most extreme negative in 4 years https://t.co/V3U6IOAEXz
Strategy Video: Will the NFP Generate the Same Volatility as ECB?

Strategy Video: Will the NFP Generate the Same Volatility as ECB?

John Kicklighter, Chief Strategist

Talking Points:

• The US NFPS and labor statistics are due today (Friday) at 12:30 GMT

• Traders and investors are increasingly confused over how the jobs data should be interpretted for markets

• A volatility swell from the ECB rate decision could leverage the impact from the labor data

Sign up for an email reminder to join the NFPs release event or find out what other live events and webinars are scheduled this week with the DailyFX Live Webinar Calendar!

Expect breakouts? Use the DailyFX Breakout 2 strategy to signal or confirm setups!

Coming off of the extreme volatility triggered by this past session's ECB rate decision, traders are anxiously awaiting the release of the May NFPs. A carry over of the elevated activity level is going to be exceptionally important in determining how the market will respond to the data - both from a volatility and directional perspective. Over the months, expectations as to how the jobs data impacts the market - growth, yields, stimulus, interest rates - have become so mixed that volatility has cooled, and a consistent momentum has fallen short. We discuss this event risk and its potential impact on the market in today's Strategy Video.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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