I personally don't and this idea shows a EURUSD trade I'm currently in.
We trade the plan and all the back test data at foot of this idea includes NFP days.
Those spikes can be big and some times don't go the way we would like but on news days keep your risk and emotions in check.
Trade details for current trade are shown on the chart.
We are working the...
During the last 10 months the correlation of surprises for ADP Nonfarm employment change and Nonfarm payrolls is positive (58%). This means that if we saw a negative ADP nonfarm employment change on Wednesday, we should see a negative nonfarm payroll today. This is however not certain. In fact, the February ADP came out with a -34% negative surprise while the NFP...
Gold extends early week recovery from March tops to poke 50-EMA ahead of the key US employment data. The expected recovery in the headline Nonfarm Payrolls (NFP), coupled with the forecasts of downbeat Unemployment Rate, keep weighing on the metal prices. However, firmer RSI and MACD’s teasing of bulls may propel gold prices in case of a negative surprise from the...
Hello Traders TGIF,
After having our profits shorting XAUUSD, Today low nonfarm payroll data showed US Economy is not ready to reach expected rebound.
Gold seemed to finish its correction period and ready to gain momentum to reach my long term targets. Price should stay above 4H MA50 priced 1895 right now.
I opened my long position at 1875 and my short term...
In this video we look ahead to NFP and share our insights into how the market could move during and after the NFP report.
In this video we look at EURUSD levels to watch, however its important to be considering all USD pairs (and stock indices) for how they may move in response to the NFP report later.
WE will see the NFP today, showing if the EUR/USD tumble will continue down, or if we currently have a correction upwards. If we break out of the yellow range either way, its a trade in that direction. Im leaning towards a lower EUR/USD, could be wrong however.
THIS MARKET IS BULLISH AFTER A FEW WEEKS IN A DOWNTREND AS MARKET BROKE THE DOWNTREND INTO HIGHER HIGHS WITH A CORECTION PATTERN SUCH AS BULLISH FLAG LINING UP WITH 61% FIB level .
i see this market going higher
This mainly because I expect a positive NFP Release because of the election and stuff. Anyway, this is my sentiment. if it doesn't work out an alternative scenario is that it might grow to levels of 1.36 or 1.4 long term
My teacher advised the beginner class to not trade today since it would be our first non-farming payroll release. However the number didn’t meet expectations but they weren’t too bad.
I have been watching the DXY since 9 a.m. and there has been much indecision since the numbers came out. I don’t usually trade DXY but from my observations it appears that there...