Two main events of week: ECB decision and Nonfarm Payrolls

03 June 2020

Double forecast: ECB and NFPDear clients,

On Thursday, June 4 the ECB Interest Rate Decision and on Friday, June 5 May Nonfarm Payrolls are to be released.

The main Bank's goal is to support the national currency and stimulate economic growth. NFP shows changes in the number of people employed in the USA non-farm sector. The total number of employed in this sector is about 80% of workers producing the USA GDP.

FreshForex analyst tells what to expect from these meetings.

ECB:


"The ECB will indicate the necessity to increase the repurchase of assets. Traders are waiting for the expansion of the incentive program by 650 billion euros. This is good news for stock indices. On Thursday, consider buying #DAX30, #CAC40, #SP500, #DJI30"


NFP:


"The United States is gradually lifting quarantine restrictions, which will have a positive effect on the labor market. On Friday, consider buying #SP500, #DJI30, #MasterCard, #DAX30"


Prepare for volatility with Deposit bonus 200%!

Two main events of week: ECB decision and Nonfarm Payrolls

 

If you have any questions, don't hesitate to contact us:

 

Good luck in trading!
FreshForex — forget other brokers!

 

All news

Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2020 FreshForex – Forex broker
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Call

Get bonus

FreshForexInstant deposit