The U.S. stock market will be closed today which means that we will likely see low liquidity trading conditions. However, the focus will be on the March jobs report that will be released despite markets being closed.
Traders should focus on three main economic indicators that can trigger high volatility today.
The Non-Farm payrolls are expected to have declined from 311K down to 239K, on the opposite, Average Hourly Earnings are likely to rise from 0.3% to 0.4%, while the unemployment rate is expected to remain unchanged at 3.6%.
Below, we will be analyzing the latest price action developments in the major currency pairs alongside gold.