"What to expect from NFP on Good Friday?
What is Good Friday? Good Friday is a federal holiday, which means that US equity and bond markets are closed. However, the futures market, as well as the forex market, is open. Good Friday is a rare occurrence, but it has happened in the past. The last three times it occurred were in 2021, 2015, and 2012.
Let's take a look at what happened to the price action on these past data releases when NFP came out.
EURUSD moved in 2021, 2015, and 2012.
USDJPY moved in 2021, 2015, and 2012.
This tells us that the move is comparatively smaller than on normal days' releases, and it has a lot to do with FED policy action. This time, the FED has given a hint of not increasing interest rates anymore.
The best decision here is to stand aside because the market is less volatile and may remain in a range for today.
Let us know what do you think of the idea
What is Good Friday? Good Friday is a federal holiday, which means that US equity and bond markets are closed. However, the futures market, as well as the forex market, is open. Good Friday is a rare occurrence, but it has happened in the past. The last three times it occurred were in 2021, 2015, and 2012.
Let's take a look at what happened to the price action on these past data releases when NFP came out.
EURUSD moved in 2021, 2015, and 2012.
USDJPY moved in 2021, 2015, and 2012.
This tells us that the move is comparatively smaller than on normal days' releases, and it has a lot to do with FED policy action. This time, the FED has given a hint of not increasing interest rates anymore.
The best decision here is to stand aside because the market is less volatile and may remain in a range for today.
Let us know what do you think of the idea