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Non-farm Payroll Is Imminent, GBPUSD Bears Pressing On?

Don’t miss the opportunity to make a profit, check the trends in GBPUSD now>>

Despite last week’s slump in U.S. jobless claims, continued hawkish speaks from the Federal Reserve has revived the dollar’s gains. At the same time, the ADP employment data released on Wednesday exceeded expectations, the market is expecting that the Non-Farm Payrolls data tonight will be strong. Hence, the Fed is expected to remain its tightening policy. Combined with the news that British pension funds are facing the sell-off of billions of assets, intensifying the selling momentum of the pound. Overall, GBPUSD may remain its downward trend.

The trend of the GBPUSD can be paid attention to…

-Latest news on the Russian-Ukrainian war
-20:30 US Unemployment Rate (Sept)
-20:30 US Non-Farm Payroll (Sept)
Which will influence the trend of GBPUSD, investors must grasp the timing of placing orders.
Daily Focus allows you to understand the GBPUSD markets, increase profit opportunities, and immediately seize the opportunities.

How to trade GBPUSD on HXFX?

1. First, click here to register an HXFX account for free.
2. Next, download the APP and log in to complete the real-name authentication.
3. Contact customer service to receive your exclusive free trial bonus.
4. Click “Quote”, select “GBPUSD” and click “Trade”. After the quotation page is displayed, you can click “Sell” or “Buy” to trade the index according to the trends.

5 Advantages of Foreign Exchange Trading

1. Leverage system
Investing a small amount of money will bring greater benefits, but may also bring greater risk of loss.
2. Low transaction costs
There are basically no handling fees, government taxes, etc.
3. Two-way transaction
Whether you are buying first and then selling in a bullish trend, or selling first and then buying in a bearish trend, you can get profit.
4. 24 hours trading
It is available in 24 Hours, investors can trade according to their own time.
5. High liquidity
In the foreign exchange market, investors could exchange foreign currency at any time, even complete their transactions in a short time.

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Disclaimer: Information above can only be use for references and doesn’t represent our platform’s opinions.

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