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USD NFP GDP

iggy_ua Posted 2 Dec.  in #Trader's blog #USD #Nfp
Nov NFPs came out in a mixed bag. Despite job growth appeared an inch below expectations, the unemployment rate fell to the lowest rate since 2008 at 2.5% against 2.8% expected. However, the wages growth and the participation rates were depressed. Considering the dubious figures, an impact on the market is neutral. We should settle in a range currency market today.
On Monday GBP UK Supreme Court hears Government-Parliament Brexit appeal. In anticipation of this risky event the market might sell …
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Pre NFPs

iggy_ua Posted 1 Dec.  in #Trader's blog #GBP #Nfp
USD strenght is expected to continue. a risk of abrupt USD pairs movements is obvious on NFP Friday. GBPUSD is bound in a tight range between 1.27 and 1.23. With a USD positive bias and post-brexit weakness of GBP a further decline of the pair is expected towards the lower box boundary at 1.23 and futher to retest the 1.2 level.
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EUR and NFPs

iggy_ua Posted 3 Nov.  in #Trader's blog #EUR #Nfp #Forecast
EUR has reached a decision point before US NFPs and elections. The EURUSD pair is drifting down in a channel. It's not the best entry point to trade the pair, however I would suggest positive NFPs will affect the pair to fall to the bottom channel boundary.
As suggested in the previous post, take short at 1.11 with a stop above 1.127 and a profit target at 1.08. Will watch the pair tomorrow post NFPs
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USD post NFP

iggy_ua Posted 7 Feb.  in #Trader's blog #USD #Nfp #Forecast
Non-farm payrolls came out below expectations but still showed a jobs growth in the recent month. Despite this slowdown the unemployment rate edged down to 4.9%. The other important data like average earnings also came in ahead of expectations at 0.5%. The report was not taken by the market with caution. I expect that the next week currency moves will continue the previous week's sideway consolidation. With the absence of any important announcements until wednesday, the currencies will move in s…
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