How to act during the NFP release?

Also, it’s time to prepare for 2024                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         [FBS]( [[fbsanalytics] FBS Analytics]( [Personal Area]( [How to act during the NFP release?] What’s Fresh? 1. This Week’s Trading Opportunities 2. Last Week’s Win Rate: 73% 3. Mastering Forex Trading Performance in 2024 4. US Dollar Strengthens Amid High Treasury Yields and Fed Meeting [Trade with FBS]( Please note that as Europe and the United Kingdom have transitioned from Daylight Saving Time (DST) back to standard time, the MetaTrader server time now matches GMT+2 instead of GMT+3. Also, from October 29 to November 5, trading sessions for most instruments will be shifted back by one hour. On November 5, they will return to their original schedule. This Week’s Trading Opportunities November 1, 20:00 GMT+2 The FOMC Statement [fbs] Experts expect the FOMC to keep the rate at 5.50%, with a particular focus on Jerome Powell’s speech. He will provide the statement and determine if the key rate has peaked or if more hikes are on the horizon. [fbs] EURUSD Last time, despite the Fed maintaining the interest rate, Powell’s hawkish statements supported USD, causing EURUSD to drop by 1000 points within the next nine hours after the release. [fbs] If the statement is more hawkish than expected, USD may rise. [fbs] Otherwise, USD may fall. November 2, 14:00 GMT+2 The BOE Monetary Policy summary [fbs] Economists believe the BOE will leave the rate at the same 5.25% level despite inflation unexpectedly holding steady at 6.7% in September. [fbs] GBPUSD Last time, the Bank of England held its key interest rate steady instead of the anticipated 0.25% increase. Following this decision, GBPUSD experienced a 600-point drop within 30 minutes of the announcement. [fbs] If the statement is more hawkish than expected, GBP may rise. [fbs] Otherwise, GBP is likely to drop. November 3, 14:30 GMT+2 The US Nonfarm Payrolls and Unemployment Rate [fbs] The job market is still a big factor causing high inflation in the US, and the Federal Reserve keeps a close eye on it. [fbs] GBPUSD Last time, the NFP exceeded expectations, reaching 336K compared to the forecasted 171K. This caused GBPUSD to drop 900 points in just 30 minutes. [fbs] If the numbers exceed expectations, USD may go up. [fbs] Otherwise, we expect USD to fall. We hope this helps you stay informed about major trading events. Time to make your move... [Deposit to prepare]( [fbs]( Last Week’s Win Rate: 73% In our Telegram channel (which is in English), you will find the most up-to-date trading signals and live streams. More importantly, you will connect with a community of like-minded traders. Last week, 8 out of 11 signals from FBS analysts were profitable! [GBPUSD signal]( could’ve brought 700 points. [USDCAD signal]( could’ve brought 400 points. [Join trading community]( [fbs]( Mastering Forex Trading Performance in 2024 As the new year approaches, now is the perfect time to set trading resolutions for 2024. This article offers insights on skills and strategies to improve your trading performance in the upcoming year. Prepare yourself for the challenges and opportunities that the new year will bring with these helpful tips from our analysts. [Get insights]( [fbs]( US Dollar Strengthens Amid High Treasury Yields and Fed Meeting The US dollar has ended the week positively, driven by high Treasury yields and the upcoming Federal Reserve meeting. Treasury yields often serve as a leading indicator for the dollar index, and their growth indicates the potential for further strengthening of the USD. Recent macroeconomic data in the United States may have fallen short of the Fed’s expectations. The labor market has proven to be stronger than anticipated, with a 336K increase compared to the expected 171K, and inflation saw a 0.4% rise in September, surpassing the projected 0.3% increase. That’s why we are unlikely to anticipate a dovish statement from Federal Reserve Chair Jerome Powell. Moreover, the ongoing military conflict in the Middle East is contributing positively to the US dollar, the world’s primary reserve currency. [Go to Personal Area]( Do you like our Weekly Digest? 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