Happy Friday, fellas.

This week’s volatility brought a lot of great trade signals. If you missed it, don’t worry because today’s economic event is the biggest this week – the Non- farm payroll. Let’s see what to expect…

Watchlist – Top Economic Events

Japanese Yen – JPY

BOJ Monetary Policy Decision – Early in the Asian session, the Bank of Japan released their interest rate decision. The BOJ left the interest rates on hold at -0.10%. But Governor Haruhiko Kuroda’s press conference drove volatility in the market. Kataoka remained dovish and remarked that the chance of inflation rising toward 2% is low.

Statement Highlights

• Japan’s economy is expanding moderately so the assessment remains unchanged.
• BOJ cuts view on housing investment.
• Housing investment moving on a weak note

All of the points are reflect the BOJ’s dovish stance. Consequently, the Japanese Yen is likely to remain weaker against its peer currencies.

US Dollar – USD

Labor Market Figures – The Non-Farm Employment Change is one of the most awaited and watched economic data of the month. The US economy added 200K jobs last month, but this months figure is expected to be slightly better, at 204K.

The Unemployment Rate is expected to drop from 4.1% to 4%. If this really happens, we are going to see massive buying in the dollar and sell off in the Gold. Better than expected figures are likely to affirm sentiments that Fed Powell will hike rates four times in 2018.

Great Britain Pound- GBP

Manufacturing Production m/m – The data is due at 9:30 (GMT) with a slight change in the forecast to 0.2%, from 0.3% last month. This won’t be hit the pound too hard unless it releases with a huge divergence.

Canadian Dollar – CAD

Employment Change – Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. The data is due at 13:30 (GMT) with a forecast of 21.3K vs. -88.0K beforehand.

Unemployment Rate – The Statistics Canada is scheduled to release the employment figures at 13:30 (GMT). Economists are expecting a 5.9% rate vs. 5.9% previously. The Canadian unemployment rate has increased since they hiked the interest rate. The BOC won’t think of playing with interest rates until they get better employment figures.

That’s it for now, check out FX Leaders News Trading Strategy for tips on how to maximize your profits today. Good luck and stay tuned for updates.