Saturday, May 4, 2013

US Non Farm Payroll Report Actual was slightly better then forecast

Many traders think non farm payroll publishing days are horrified way to trade and might kill 100 pips in minutes. But I think the opposite. If you analyse the previous forecast and actual data of non farm employment change, average hourly earning and unemployment rate. You will surely get a clue. Even you don't you just wait 5-10 min and market reaction will give you the clue.

Non-Farm Employment Change 
Actual 165K  Forecast 146K Previous 138K
Unemployment Rate  
Actual 7.5% Forecast 7.6%
as you can see the data was more then expected and unemployed rate decreased 1% which is good for USA economy.

I made 54$ quickly
With buy of USD JPY
AND SELL OF GBP USD




No comments:

Post a Comment