Chairman Powell issued a warning regarding the NFP employment statistics on November 20. This economic indicator is likely to cause significant fluctuations across currencies, cryptocurrencies, and commodities. In past NFP announcements, there have been instances where USD/JPY recorded sudden fluctuations of over 200 pips. Traders need to pay close attention to the movements of the dollar-yen pair, gold, and Bitcoin over the next 48 hours. A clash between bearish and bullish forces is expected in this scenario, and understanding the fundamentals could be a matter of life or death. November 20 has a high potential to be a "day when the charts go crazy."
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Chairman Powell issued a warning regarding the NFP employment statistics on November 20. This economic indicator is likely to cause significant fluctuations across currencies, cryptocurrencies, and commodities. In past NFP announcements, there have been instances where USD/JPY recorded sudden fluctuations of over 200 pips. Traders need to pay close attention to the movements of the dollar-yen pair, gold, and Bitcoin over the next 48 hours. A clash between bearish and bullish forces is expected in this scenario, and understanding the fundamentals could be a matter of life or death. November 20 has a high potential to be a "day when the charts go crazy."