Non-Farm Payrolls in Focus

Author – Connor Woods, Senior Market Analyst

Date: May 30th

A turbulent month in the financial markets is coming to an end. Traders will now look ahead to a fresh month of news events, starting with this week. Here are the top 3 things to watch out for!

On Friday, the highly anticipated Non-Farm Payrolls data will be released to the public. Economists are expecting to show that the economy has added 320,000 jobs in May. This will be lower than the 428,000 in April, but still shows a robust labour market.

Stocks managed to avoid a record eighth consecutive week of downside last week, after a promising rally on Friday. There is optimism in the markets that the Fed can tighten monetary policy without damaging the economy as much as previously feared.

Finally, what about the crypto bounce？ Bitcoin now trades above that 30,000 mark and many traders are now calling for a more sustained rally. Can prices stay this high by the end of the week？

Everyone at Zenfinex wishes you the best trading week, to learn more about our products feel free to visit

www.zenfinex.com

Author – Connor Woods, Senior Market Analyst 

Disclaimer:  Trading Foreign Exchange is highly speculative and may not be suitable for all investors. The leverage created by trading on margin can work against you and losses can exceed your entire investment. Only invest with money you can afford to lose and ensure that you fully understand the risks involved.