Recall how the previous US nonfarm payrolls release on August 2nd sparked market turmoil? With that wild episode still fresh on our minds, this Friday’s (September 6th) NFP numbers could once again present outsized trading opportunities across the likes of Gold, the US500 index, and the US dollar.

Dollar bears could be enticed to drag prices lower after the USD Index slipped below a weekly support level.

Dollar bulls will look to extend uptrend by 265 points, while bears are hoping for potential 120 point move south.

The market mood was mixed on Tuesday as investors turned cautious ahead of another busy week for global financial markets. Despite US markets currently closed due to the Independence Day holiday, volatility could still be the name of the game thanks to top-tier economic reports and risk events.