I hope nobody hinges their success on one sole economic report, but it will move markets on Friday. I do not trade economic reports so I am far from an expert on it. Even if you do not trade economic reports you are foolish to simply ignore them as they can benefit your trade set-ups or be terrible if you decide not to pay attention to them.
I am looking forward to a figure which will come in line with expectations more or less and given the USD weakness I think traders may take it as an opportunity to take some profits and we could see a short-covering rally. Either way
I think we will get some great trading opportunities out of the NFP report.
I am looking forward to a figure which will come in line with expectations more or less and given the USD weakness I think traders may take it as an opportunity to take some profits and we could see a short-covering rally. Either way
I think we will get some great trading opportunities out of the NFP report.
