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DAY 1 - Non-Farm Payroll News Event

First day of new trading month and we have seen high volatility on majority of pairs due to NFP news event. After today's better than expected payroll numbers along with improvement in average hourly earnings, I am bullish on US Dollar in coming days as US economy continues to show improvement, whereas economic growth in China, Japan & Europe remain sluggish.
Will wait until the dust settle down after today's impulsive move and will observe price action on Monday and Tuesday to get an idea how m…
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DAY 6 - NFP PREVIEW

Tomorrow's NFP news event is of great importance and the one, which would set the tone in USD pairs for rest of the month. Beside NFP numbers traders would be eager to see average hourly earnings numbers. Forecast expectations are for an increase of 220K new jobs and should the number come out as expected, we could see some massive up moves on USD pairs.
Update on NZDUSD trade: Decided to close trade for a 30 pips profit as price action is expected to remain choppy before NFP news event and as s…
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DAY 2 - NFP REVIEW

Price volatility and trading range after NFP news event was somewhat low in USD pairs, as compare to normal NFP volatility, which indicates that that investors are laser focused on this weekend’s Greek referendum.
U.S. companies added 223,000 jobs in the month of June, pushing the unemployment rate down to 5.3%. While encouraging this improvement in the jobless rate also reflects a sharp decline in participation. The labor force participation rate fell to 62.6%, the lowest level since 1977 while…
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DAY 5 - NFP REVIEW

US Dollar gained against majority of currencies in last couple of days and today's lackluster NFP numbers would once again help ease concerns about the health of US economy after first quarter GDP shown contraction.
There was news on the wire that IMF urged Fed's not to increase rates this year and as such next FOMC meeting on June 17th would be of utmost importance as to gauge prospects of future interest rate hike.
I am expecting USD to strengthen against other major currencies in next few day…
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Stix avatar
Stix 6 Cze

I agree... One step at a time. Thanks ! :) :)

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DAY 3 - NFP REVIEW

The Non-farm payroll employment increased by just 126,000 in March, as employers in US added fewest workers since December 2013. The unemployment rate was unchanged at 5.5 percent and the number of unemployed persons was little changed at 8.6 million.
What's interesting is almost every economist at major banks were way off in their forecast expectations versus actual numbers. See below:
1) Morgan Stanley: 195k
2) Goldman:220k
3) SEB: 240k
4) Deutsche Bank: 225k
5) ING: 240k
6) BNPP:260k
7) Cred…
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DAY 6 - NFP REVIEW

US job numbers continues to impress as January employment rose by 257,000 beating forecast expectations of 228,000. Moreover, average hourly earnings also shown improvement as it increased 0.5% on m/m basis. Since start of this week we have seen USD losing ground against Euro & GBP however after this positive data I am expecting USD strength to prevail in coming days.
From technical perspective EURUSD could retest 1.1100 level or even drop further towards 110.00 level. On the upside 1.1550 to 1.…
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Panzer 7 Luty

Perfect comment !!!

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DAY 6 - NFP PREVIEW

NFP news event usually create lot of high volatility and whipsaw price action and as such trader's are eagerly waiting for Friday's NFP event. Expectations are high for an upbeat employment numbers and improvement in wage growth.
We have seen USD gains all across the board in last couple of days, after better than expected ADP Non-Farm Employment figures, which is considered a curtain raiser before actual NFP event.
Moreover, there were three major central bank rate announcements this week viz. …
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jinjincui avatar

i think the dust has settled down,NFP wouldnt likely to change the trend

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DAY 6 - WEAK NFP - INTERESTING WEEK AHEAD

By all counts the U.S. dollar looked extremely overbought based on technical analysis and was due for a correction. Friday’s surprisingly weak non-farm payrolls report triggered a pullback in the currency, but in light of its strong rally this week, the decline was extremely modest.
Payroll growth missed expectations by an eye-popping 88k and the magnitude of the miss should have triggered a more significant sell-off in the greenback. According to the Bureau of Labor Statistics, only 142k jobs w…
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DAY 2 - NFP REVIEW

Friday's NFP surprised everyone when job numbers came well above expectations where 288k jobs were added last month plus unemployment rate declined to 6.3%. Despite an upbeat employment numbers USD lost ground against other major currencies after initial bullish reaction. It would be interesting to see how price action unfolds next week, as NFP news event usually create lot of whipsaw price action on the day.
Next week is going to be very volatile, mainly due to ongoing geopolitical concerns in …
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NFP Review

NFP rose +175k last month,beating the street consensus of around +150k. It's undoubtedly a plus for
Yellen and company - a number that certainly supports her case to continue tapering asset purchases. Friday's headline print-beating consensus would suggest that the US economy has underlining strength despite the adverse weather conditions experienced in January and February. Even better were the revisions
to the prior months, they were modestly positive with January up +16k to a revised +129k an
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