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NFP Friday | rise and dip | 10886 10953 resistance | 10828 support

Nick@ht-admin
#1 · 7th August 2026, 8:35 am

Technical analysis for 7th August 2026

US Non-Farm Payrolls are the main event today, while renewed concerns over Iran and the Strait of Hormuz have pushed oil higher again. Markets are pricing roughly a 54% chance of a Fed rate rise next month, so the payroll number could materially change the rates outlook. European futures are slightly softer, while US futures are broadly flat ahead of the data.

We finish the week with what could easily be the most important trading session of the last few days.

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Last edited on 7th August 2026, 8:36 am by Nick