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Signals Review (May 31 - June 04)

Discussion in 'Current Forex Trading Signals' started by Crazy Cat, Jun 6, 2010.

  1. Crazy Cat

    Crazy Cat Former FPA Special Consultant

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    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
     
    #1 Crazy Cat, Jun 6, 2010
    Lasted edited by : Sep 8, 2016
  2. DaveO

    DaveO Private, 1st Class

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    Review

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

    David.
     

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