US NON FARM PROJECTION
IMPORTANCE : positive data can put pressure on FED to raise rates in future ,
market expectation : Forecast is for positive nos , at 226k ,
risk : non farm nos are always notorious there is always great divergence between actual and forecasted nos.
average pip movement : 30-100 pips movement happened due to divergence in nos and market expectation
my view : i expect the nos to come positive hence BULLISH USD due to recent improvement in data
max sl : 25 pips due to volatality
trade idea :BUY USD JPY
NOTE : Its best to trade 20 mins before news or 20 mins after news to let volatality clear . thanks
market expectation : Forecast is for positive nos , at 226k ,
risk : non farm nos are always notorious there is always great divergence between actual and forecasted nos.
average pip movement : 30-100 pips movement happened due to divergence in nos and market expectation
my view : i expect the nos to come positive hence BULLISH USD due to recent improvement in data
max sl : 25 pips due to volatality
trade idea :BUY USD JPY
NOTE : Its best to trade 20 mins before news or 20 mins after news to let volatality clear . thanks
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.