Signals Review (May 31 - June 04)

[Crazy Cat]

Hi there

This is Crazy Cat, with the review of the week.

This week, we were watching 10 economic indicators and only 1 of them hit the trigger.

Friday, June 04, 08:30 am EST, USA
US Non-Farm Payroll

US NonFarm Employment Change came out at 431K vs 535.5K expected - which is worse than expected. The unemployment came out at 9.7% vs 9.8% - which is better than expected. Typically a deviation of 0.1 on unemployment is ignored especially if the other number is huge so USD/JPY went down as expected.

As we can see from the chart, the price spiked down by over 70 pips, then we saw some retracement, and eventually USD/JPY went even lower. I hope you made a few pips out of it.

Here is the chart:
Forex news trading currency exchange charts

Other than that, it was a very slow week.

Have a nice Sunday!
-Crazy Cat

 

[DaveO]

Review

Hi there

This is Crazy Cat, with the review of the week.

This week, we were watching 10 economic indicators and only 1 of them hit the trigger.

-Crazy Cat

Thank you Crazy Cat. Its very useful to have a brief review of the past week in case I missed something

David.