Anybody planning on trading the NFP this Friday? Headline figures are projected to come in weaker compared to the previous month’s readings, but underlying components could still reflect improvements.
I’m thinking of taking a long dollar bias on this, as the bigger picture jobs situation is still positive. What do you guys think?
I usually straddle NFP because it’s so unpredictable at times - just need to hope and pray that you don’t get whipsawed out of your trade
Decided against trading this particular one since my pair of choice (EUR/USD) has been acting pretty crazy after the ECB announcement the previous day. How did your trade turn out?
Same here…rarely do I ever sit out on NFP (can’t remember a time when I did).
But, the market (mainly the pairs I trade) seemed to barely move, which I did not like one bit. Seemed like there was this odd confusion mixed with no volume…
So, I sat on my hands and started my weekend early.
Ahh that’s true. I was looking at USD/JPY too but that barely moved. Hope you had a great weekend then!