Happy weekend for everyone!
The Friday NFP was really bad for the traders in mid term. This data hindered the beginning of a new, clear trend. Without a clear trend is really hard to make money.
After one day before NFP, I can say of course that the reaction was extremely impulsive but the data is not tragical for EUR. The NFB is in a down trend also with this high number. And this was not an extremely high number, the problem was with the expectation. In the upcoming 2-3 months we need lower numbers for rate cut in June.
The Friday NFP was really bad for the traders in mid term. This data hindered the beginning of a new, clear trend. Without a clear trend is really hard to make money.
After one day before NFP, I can say of course that the reaction was extremely impulsive but the data is not tragical for EUR. The NFB is in a down trend also with this high number. And this was not an extremely high number, the problem was with the expectation. In the upcoming 2-3 months we need lower numbers for rate cut in June.