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Early Morning Briefing 6th July


I hope this message finds you well. I wanted to provide you with an update on the upcoming Non-Farm Payrolls (NFP) report scheduled for release tomorrow at 1:30 pm. As you may be aware, this highly anticipated data is expected to have a significant impact on the markets, leading to increased volatility.





In the current market scenario, the DXY (Dollar Index) has shown strength today, experiencing an upward movement, albeit likely temporarily. This strength in the DXY can influence various currency pairs and commodities.


Furthermore, Yen Futures have recently strengthened, moving up to the 200-day Exponential Moving Average (EMA). As a result, this has caused a decline in all Yen pairs, which traders should take into consideration when making trading decisions.

Additionally, there are trading ideas related to SILVER and GBP/CAD discussed in the accompanying video. If you find these ideas helpful and wish to explore them further, please feel free to reach out to me.


I genuinely hope you find these regular updates beneficial and that they contribute to your continuous learning and improvement in trading. If you are interested in obtaining all the relevant charts associated with these updates, please do not hesitate to contact me.


Wishing you successful trading and a profitable day ahead!


Chris

Head Trader & Coach

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