Hi NV
"I know it's US jobs day tomorrow but I honestly pay no attention to NFP"
Hope you could clarify the above statement please. With the usually huge spike in price movement on the NFP event, isn't it statistically significant to take into consideration of price action in your model? Also you seem to imply that traders are disinterested in the event and instead bet on the payroll numbers. If so, who drives the rapid price movement? I am still learning and am all ears to hear from your perspective. Thanks.
"I know it's US jobs day tomorrow but I honestly pay no attention to NFP"
Hope you could clarify the above statement please. With the usually huge spike in price movement on the NFP event, isn't it statistically significant to take into consideration of price action in your model? Also you seem to imply that traders are disinterested in the event and instead bet on the payroll numbers. If so, who drives the rapid price movement? I am still learning and am all ears to hear from your perspective. Thanks.