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Forex Signal (Fri, March 05, 8:30 am EST) US NonFarm Employment

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Mar 4, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    Hi there :)

    This is Crazy Cat with a potentially profitable trading opportunity...

    Friday, March 05th (8:30 am New York Time) USA

    We have US NonFarm Employment Change coming out. It is expected to read -30. Last month it read -20.

    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: http://www.forexpeacearmy.com/forex...ptions/7400-us-nonfarm-employment-change.html

    The trigger for this indicator is 60. This means that if US NonFarm Employment Change comes out at +30 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 -90 or more negative, 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: http://www.forexpeacearmy.com/forex...-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
     
    #1 Crazy Cat, Mar 4, 2010
    Lasted edited by : Sep 8, 2016
  2. wqfwqf

    wqfwqf Recruit

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    FPA expected -62.5,ForexFactory expected -56,FXStreet expected -30
    Which can I choose???
     
  3. bhanu545

    bhanu545 Recruit

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    The expected is not a issue but trading this news is a big deal for me.last time both the news NFP and unemployement rate came out with a small difference.NFP came lesser than expected and unempl rate came very better than expected.

    which news to follow? the pair went down and then up.i totally lost on this trade.

    any suggestions which one to follow crazycat?
     
  4. Dubai

    Dubai Private, 1st Class

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    Initial reaction will be to the NFP figure and if a deviation with unemployment figure comes, then that will kick in.
     
  5. Richard1973

    Richard1973 Recruit

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    Best place for news?

    I really like the look of this fundamental strategy but you've got to be really quick. I'm using forexfactory.com for the news releases. Is there anywhere you can recommend to give me more of a heads up because I often find the market has made it's move before the figures are released, albeit seconds.
     

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