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