Non-farm Payrolls
Non-farm Paryrolls is a huge market event this Friday night. https://goo.gl/cAhWFu
If the actual data comes in lower than economists' estimates, forex traders will usually sell U.S. dollars in anticipation of a weakening currency. The opposite is true when the data is higher than economists' expectations. Quote from Investopedia https://goo.gl/RZ4LSC
Trade War
Will the tariffs the Trump Administration is placing on steel and other good cause a trade war? There are arguments on both sides. As a trader, we need to be aware of how this will affect the market. It has added volatility to the equities market. The Nikkei had a sell-off on concerns of a trade war, hence the importance of hedge trading. USDJPY is seen as safe haven during times of trouble, see here for an explanation https://goo.gl/fWER2D
Further reading: https://goo.gl/jzaqTr
Gold
A number of traders took advantage of Gold this week when it showed resistance at 1340 (the blue line). If you look at the 5 minute chart we can see a double top (double tops can indicate trend reversals). Traders took advantage by placing a Stop Loss at 1342 (the red line) and Take Profit at 1335 or 1328 (the green lines). This gave a risk to reward ratio of 2:3 or 2:12. Meaning that by risking US$2/oz traders were targeting US$5/oz or US$12/oz profit. For example a trade of 100oz would risk US$200 with a potential reward of US$500 or US$1200.