DislikedIf NFP comes out bad, USD will fall OF COURSE.. (pointing the obvious).. What will bring the price down again however? Perhaps that Putin is about to launch nuclear strike maybe? Hmm..Ignored
I believe that if NFP comes out lower than expected (what the FED has stated they want) than the probability of a rate increase is reduced, the USDX falls and GU rises. Unless MM's choose to simply go in the other direction because of the market bias.
2