US NFP is expected to be around 200K, and considering recent Fed’s meeting, USD is likely to remain supported throughout.
With jobs creation numbers still remaining strong after the surge in hiring from hurricane re-constructions and temporary hirings in the holiday season, we should reach this figure easily, and possibly surpass it.
8:30 am (NY Time) US NF Employment Forecast 200K Previous 261K
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If we get a conflicting release, then well wait and see how the market reacts first. If there is an overwhelming sentiment driving the market, well get plenty of opportunities for an entry if we just wait for 5 minutes after the release; you´ll get a much clearer view.
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NFP Trading Strategy
Then the next step is to wait for the Unemployment Rate, which is expected to be at 4.1%. If the Unemployment Rate were to surprise higher, we’ll have to make a decision based on the market sentiment coming into this release… Of course, if the Unemployment rate were to fall below 4.0%, then we should see a surge in USD as traders speculate Fed accelerate rate hiking process.
After all of the numbers have been released, wait for the market to push and wait patiently for a decent retracement before getting in. Look for recent support/resistance areas for entry as a high impact news with various components are extremely volatile, and those who are patient will always get a chance to enter with a much better entry.
US NFP (Nonfarm Payroll) Employment | December 8, 2017 | Currency News
December 4, 2017 by Leave a Comment