After several PR disasters in the last few weeks Donald Trump is potentially under more internal pressure than just voters leaving his support. Senior Republican officials are becoming increasingly nervous with the headline grabber and are contemplating a confrontation with the candidate. Trumps campaign has refuted claims of chaos suggesting that they have had the most successful month of fundraising to date.
The polls in the last week have indicated that Hilary Clinton has gained more support, much of which is no doubt down to Trump proving more contentious than ever. The major disappointment for many voters is that it’s still not entirely clear what the policies for either leader might be. The idea of a TV debate between the two candidates may excite the networks but I’m not sure anyone would be more informed as to who they should vote for.
July’s nonfarm payrolls are expected to return to a average level after a major slump in May and a jump in June. The consensus is the result will come in around the 180,000 mark tomorrow, with anything higher or lower likely to cause volatility. Evidently as the last two months have both shocked the markets there is always the possibility it could happen once more.
Nonfarm payrolls are one of the most significant releases from the US. The figures reveal the amount of new jobs created outside of the farming industry and along with the Unemployment rate provide a key insight into the economic climate.
Keeping in contact with your broker through key data releases can give you the best opportunity to trade at the best levels. A positive release today I believe could see the GBP/EUR move back towards the 1.30 level.
For more information on how todays US economic release could affect your USD requirement, call our trading floor on 01494 725 353.
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