The focus turns towards the US jobs report to wrap up the week

As we have come to see, Trump’s tariffs do come with exemptions and exceptions. There’s so much drama involving that already this week but we’ll surely still get more before the weekend comes along. But all in all, the actions do not resonate as strongly as his threats with the can being kicked down the road once more. Gotta love it.

Right now, this is one chart to continue to keep an eye out for. The Nasdaq is flirting with a technical breakdown and it reaffirms sentiment that tech shares, which is pretty much the market these days, are hanging in the balance.

The focus now shifts towards the US jobs report to see how that will play into things. The supposedly positive developments from Trump’s tariffs didn’t do much yesterday as selling pressures returned. Are investors perhaps concerned about things back home?

The Challenger job cuts yesterday here is something to take note of, which could potentially feed into the payroll numbers.

While there is a calmer mood for now, don’t expect that to last for too long. Once we get to US trading later, expect there to be plenty of volatility shots once again as we look to wrap up the trading week.

This article was written by Justin Low at www.forexlive.com.