NFP Forecast on 5 August -2022

Nonfarm Payrolls Overview: USD May Strong Further.

In Technical View EURUSD can downside movement to the next Liquidity Zone.

NFP trading forecast on EURUSD

Overall Fundamental View.

Previous Non-Farm Payrolls Positive The US economy added 372K jobs in June
Challenger Job Cuts Neutral The number increased in July to 32.517K.
Initial Jobless Claims Negative  August 4 seeing 260K first-time claimers.
Continuing Jobless Claims Negative Near all-time lows.
ISM Services PMI Positive  The main service-sector survey in the US has been a bit better than expected in July, 56.7.
ISM Manufacturing PMI Positive Better than the 50 expected, and in the green for the first time in the last three months.

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