Below forecast jobs created and a below forecast unemployment number encapsulates the current 'low hire / low fire' environment. And made it difficult to have conviction in the dollars direction. And the initial weakness quickly faded.
NFP is much more tradable when all the data under the bonnet aligns.
The mooted supreme court tariff decision never came, it looks like it could be announced next week.
Sentiment for the JPY remains subdued despite rate hike speculation. This week's squabble with china and now political uncertainty keeps my mind towards potential JPY short trades.
Aside from JPY shorts, it's a case of waiting for a fresh catalyst, ideally from a data release, notably US CPI could be quite significant next week.
Wishing you lovely weekend.
NFP is much more tradable when all the data under the bonnet aligns.
The mooted supreme court tariff decision never came, it looks like it could be announced next week.
Sentiment for the JPY remains subdued despite rate hike speculation. This week's squabble with china and now political uncertainty keeps my mind towards potential JPY short trades.
Aside from JPY shorts, it's a case of waiting for a fresh catalyst, ideally from a data release, notably US CPI could be quite significant next week.
Wishing you lovely weekend.
johnelfedforexblog.ghost.io
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Join the mailing list to learn fundamental trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
johnelfedforexblog.ghost.io
Join the mailing list to learn fundamental trading.
Join the mailing list to learn fundamental trading.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.