Hi there
This is Crazy Cat with a potentially profitable trading opportunity...
Friday, June 04 (08:30 New York Time) USA
We have US NonFarm Employment Change coming out. It is expected to read 535 (and it is still changing). Last month it read 290.
This will be a very tricky report to trade because it seems no one has a clue what number is going to be. Some economists expect it as low as 220K whereas some others expect it as high as 750K. 535K is an average as of I am writing it (and that's why I am posting it so late since it is being changed all the time). Therefore, if it comes out, for example, 625K, then it is 100K higher than "expected", that is 100K higher than the average, but still lower than 750K, for example.
I recommend trading USD/JPY for this report.
Please read what this indicator means and how it affects the USD/JPY by going to this link: https://www.forexpeacearmy.com/fore...ptions/7400-us-nonfarm-employment-change.html
The trigger for this indicator is 100. This means that if US NonFarm Employment Change comes out at +635 or better, USD/JPY will probably go up by 50 pips or more in the first 45 minutes of the report. If it comes out at 435 or less, USD/JPY will probably go down by 50 pips or more in the first 45 minutes of the report.
We will also have US Unemployment Rate and Revision coming out. A deviation of 0.2 on unemployment rate is considered significant but chances are good it will not conflict. Revision is also important and a significant conflict with revision number may mute the move greatly.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...-change-after-spike-retracement-strategy.html
For example: on January 08th, US NonFarm Employment Change came out at -85, versus an expectation of 0, and USD/JPY went down by around 100 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for USD Nonfarm Employment Change
I hope you make some money on this report.
-Crazy Cat
This is Crazy Cat with a potentially profitable trading opportunity...
Friday, June 04 (08:30 New York Time) USA
We have US NonFarm Employment Change coming out. It is expected to read 535 (and it is still changing). Last month it read 290.
This will be a very tricky report to trade because it seems no one has a clue what number is going to be. Some economists expect it as low as 220K whereas some others expect it as high as 750K. 535K is an average as of I am writing it (and that's why I am posting it so late since it is being changed all the time). Therefore, if it comes out, for example, 625K, then it is 100K higher than "expected", that is 100K higher than the average, but still lower than 750K, for example.
I recommend trading USD/JPY for this report.
Please read what this indicator means and how it affects the USD/JPY by going to this link: https://www.forexpeacearmy.com/fore...ptions/7400-us-nonfarm-employment-change.html
The trigger for this indicator is 100. This means that if US NonFarm Employment Change comes out at +635 or better, USD/JPY will probably go up by 50 pips or more in the first 45 minutes of the report. If it comes out at 435 or less, USD/JPY will probably go down by 50 pips or more in the first 45 minutes of the report.
We will also have US Unemployment Rate and Revision coming out. A deviation of 0.2 on unemployment rate is considered significant but chances are good it will not conflict. Revision is also important and a significant conflict with revision number may mute the move greatly.
Obviously, the bigger the difference between expected and actual numbers, the bigger will be the move.
To read the after-spike retracement strategy for this report click here: https://www.forexpeacearmy.com/fore...-change-after-spike-retracement-strategy.html
For example: on January 08th, US NonFarm Employment Change came out at -85, versus an expectation of 0, and USD/JPY went down by around 100 pips. See for yourself what happened by seeing this chart: Forex news trading currency exchange charts
I highly recommend you study the entire history and charts of this report by following this link:
Forex News Trading | Details and History for USD Nonfarm Employment Change
I hope you make some money on this report.
-Crazy Cat
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