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NFP Review

Another NFP data release and another strange & unpredictable price action we just witnessed. The US employment readings where disappointing to some extent but not bad enough to create a real directional moves.
So, what are the today's NFP takeaways?

1. Well, for one, that the market is really focused on shorting Yen. USD/JPY corrected down for a brief moment but emerged as a winner.
2. That the dollar is still the king with one exception - British Pound. GBP/USD is eyeing 1.3450 - 1,3570 are…
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NFP Stopped EUR\USD Rally

The pair has reached a multi-month high today, clocking 1.1440 level right before the release of US employment data, and as expected it started to retreat from this level as it did plenty of times in the past months. It remains to be seen if that's just a temporary stop on its way to more highs or whether we are going to see a more substantial pullback.
Today NFP has been a non-event in a similar fashion we witnessed last few releases of employment data. No surprises except for a slight uptick …
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Awaiting NFP

So, The NFP data release is upon us along with the US unemployment figures(one day earlier due to the holiday long weekend in the US). If you believe in ADP forecasting NFP the market might be in for yet another positive surprise.
But I'm actually contemplating closing all positions as even if we get a positive set of data, the market reaction is unpredictable. If the NFP number is in fact better than the market expects EUR\USD will test 1.0950 level but I wouldn't be surprised if it rebounded …
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NFP ! (in case you forgot :)

So, this week I feel like every day was a non-farm payroll day. Pairs traveling up & down 200+ pips. I wonder, does this mean we are going to see 500 pips moves today? Another question that popes to my mind is: If NFP surprise to the upside and EUR\USD drops to 1.1050 - 1.0950 levels, will it quickly rebound from there back to 1.1245 or higher?. I wouldn't be surprised.
And then, there's ongoing Greek drama with all the speculations about possible default which some call "postponing to bundle t…
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ADP employment & NFP correlation.

In the last 12 month ADP employment readings have been quite accurately forecasting Nonfarm Payrolls(NFP). Because today's figure 212K came below the forecast of 220K, this could mean that we might get a lousy NFP number.
If in fact it materializes than it could be an excuse to put temporary breaks on dollar advances and we could see a relief rally in EUR\USD. ADP released today also reassured me that it is the time to go long on GBP\USD. Unsatisfactory NFP would probably give antipodean curren…
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How far up can Euro go?

Suddenly, Euro is rallying today fueled by talks about Greek debt and possible agreement. EUR\USD is well above the 1.1400 as if all the problems were resolved already. But truth is that nothing is resolved, in fact, this is just the beginning of more trouble to come. But market does not want to look that far ahead, not even to this coming Friday brining US NFP.
In my view, by the end of the week all market participants will be selling Euro as NFP will surprise again to the upside.
My prediction
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Buyers Have Left The Building(EURO)

Super Mario delivered Super Fireworks Show in all EURO pairs.
At the moment EUR\USD is trading below 1.4000 level and tomorrow's NFP(largely predicted to be better than expected) are looming in the background.
Unfortunately, my own EUR\USD short position entered during the ECB Press Conference was closed because of a too tight SL
I should've known better but I gave in the excitement of another dollar rally and I lost my judgment.
But tomorrow is another trading day
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