EUR/USD on Non-Farm Payrolls

Date 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

source: eSignal

More on this topic (What's this?)
How Low Will The Euro Go?
Stock Market Squeaks Out Another Record High
Read more on EUR/USD, Nonfarm Payroll (NFP) at Wikinvest

4 Responses to “EUR/USD on Non-Farm Payrolls”

  1. Forex Trading Easy said:

    Choppy market today

  2. Kevin Lee said:

    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!

  3. Viktor Iwan said:

    NFP is still non tradable news.. too much unpredictable data… (incl. revision data)

  4. Forex said:

    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!

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