August 01, 2022 BY Steffy Bogdanova

Weekly data: Balance of trade and central banks ahead of the NFP

A sustained bounce seems unlikely in the runup to the NFP, but the chart also suggests some positivity. There was some follow through on the bounce from oversold and stochastic crossover around the middle of last month, with the price now still not quite overbought. Volume has increased compared to Q2’s average. The next main…

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