08.02.13 - Non-farm payrolls vs unemployment data

[jackcm]

Today is very exciting !

Non-farm payrolls 162K worse than expected 184K while unemployment data 7.4% beat expected 7.5%.

At least this time, Non-farm payrolls could be the winner as market is bearish USD. GDPUSD changes +0.79%, EURUSD changes +0.37% and USDJPY -0.20%

But how about unemployment rate 7.4% which also affect FED's tapering plans and it might be the key as FED only stop aggressive bond-buying program when the rate decreases to 7%.

In my opinion, market might keep bearish USD in short-term, but we could see the strength in USD in some next weeks.

 

[lioneld]

Today is very exciting !

Non-farm payrolls 162K worse than expected 184K while unemployment data 7.4% beat expected 7.5%.

At least this time, Non-farm payrolls could be the winner as market is bearish USD. GDPUSD changes +0.79%, EURUSD changes +0.37% and USDJPY -0.20%

But how about unemployment rate 7.4% which also affect FED's tapering plans and it might be the key as FED only stop aggressive bond-buying program when the rate decreases to 7%.

In my opinion, market might keep bearish USD in short-term, but we could see the strength in USD in some next weeks.

NFP is my favorite fundamental event. Although; till now I am using half trading lots size during this kind of VIP news event. Yes, I have a specific trading system for NFP individually.

 

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[Eduardo Lucchese]

Fear is a common thing we find in traders. Initially traders remain bold but with time when they become used to with losses, they lose the courage of trading.

 

[SaadBinToha]

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[Alexander Hudson]

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[Gito Dinev]

If a trader is flexible about trading styles, it’s the best for him. This quality works as a weapon to the way of traders’ success.