Michael Kramer highlights the near-term levels to watch across major stock indices, FX pairs and commodities ahead of a slew of US economic data. The headline act is the US jobs report on Friday, with economists estimating that the world’s largest economy added 150,000 payrolls in September, versus 142,000 in August. Yesterday’s data – a better-than-expected job openings figure and a weaker-than-expected ISM manufacturing print – painted a mixed picture of the US economy. This uncertainty, alongside rising tensions in the Middle East, is unsettling markets, pushing traders towards ‘safe haven’ assets such as the US dollar, the Japanese yen and gold.
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This video is for general information only and is not intended to provide trading or investment advice or personal recommendations. Any information relating to past performance of an investment does not necessarily guarantee future performance. CMC shall not be responsible for any loss that you incur, either directly or indirectly, arising from any investment based on any information in this video. Please remember spread betting and trading CFDs carries significant risks and may not be suitable for all investors.
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