Week Ahead – Top 3 Market Events

Author – Connor Woods, Senior Market Analyst

Date: August 29th– September 2nd 

The markets seem to be pricing in hawkish language from the Federal Reserve, and the Jackson Hole Symposium was proof of that. With a new month beginning this week, will volatility start to pick up？ Find out all the main talking points in our week ahead article!

Non-Farm Payrolls

On the first Friday of every month, the U.S. Department of Labor's Bureau of Labor Statistics releases an employment statistics report from the previous month. This will always be interesting in any climate, particularly in todays one. Within this jobs report, the public has access to pivotal information on wages, job growth, and unemployment. Will the jobs added figure exceed 500,00 this time around？

Risk Assets to Sell-off？

The NASDAQ is the worst performing US index this year, so traders who have been looking to short indices have looked at the NASDAQ as a top priority.

It has failed to retest the 200-day simple moving average and is turning bearish once more. Can volatility pick up and exaggerate this move？

Bitcoin has had a miserable year. It has steadied around $20,000 but is failing to find any momentum.

Traders are looking for the price to break the current ascending channel. This coincides with the previous structure low. If the price was to break below here, then Bitcoin could start to move swiftly below the $20,000 level.

Everyone at Zenfinex hopes you are having a great trading week. If you would like to know more about the products we offer, feel free to visit www.zenfinex.com.

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.