EUR/USD on Non-Farm Payrolls
April 3, 2009
In my non-farm payrolls preview yesterday, I talked about how the initial reaction in the EUR/USD post payrolls is fade-able. In each of the last 3 times that payrolls was released, the EUR/USD’s knee jerk reaction was quickly erased as a new trend emerged for the trading day. This is the chart that I showed on how the EUR/USD traded after the non-farm payrolls release on January, February and March.
This is how the EUR/USD has traded so far since the non-farm payrolls release - see the resemblance?
source: eSignal
More on this topic
(What's this?)
USD/JPY Pair
(Samurai Trader, 4/13/13)
A Leaked non-farm payroll miss sent bond soaring into 2013 highs
(Hedge Accordingly, 4/5/13)
Pre March NFP Market Summary for April 4, 2013 | $SPX
(Hedge Accordingly, 4/4/13)
Posted in Forex Technicals, eur/usd, forex blog, non-farm payrolls
content rss
April 3rd, 2009 at 2:20 pm
Choppy market today
April 5th, 2009 at 3:37 pm
Instead of EUR USD, I love to see the knee jerk reaction on GBP JPY during NFP released. I have no strategy to use to open trade during NFP released. I will ensure all positions would be closed before the NFP released and start to rest until the next Monday. Thanks for sharing this good info!
April 5th, 2009 at 9:58 pm
NFP is still non tradable news.. too much unpredictable data… (incl. revision data)
April 6th, 2009 at 10:21 pm
choppy? I would say it was a train wreck. The Euro was killing the dollar, then reversed, and on and on with unpredictable action. Hard to make a buck these days!