EUR/USD: Trading the US Non-Farm Payrolls

Positive out come could really set the down trend for the December.

As it's normally happened following US general elections, a sharp drop in the eur/usd is expected.

Yeah even I think the same positive employment rate will make the dollar even more stronger but we have to remember that sandy has effected normal life of US past month so let us see what is gona happen

remeber this 5 Scenarios

Within expectations: 80K to 100K. In such a scenario, the EUR/USD is likely to rise within range, with a small chance of breaking higher.
Above expectations: 101K to 111K: An unexpected higher reading can send the pair below one support line.
Well above expectations: Above 111K: The chances of such a scenario are low. Such an outcome would prop up the pair, and a second support line could fall as a result.
Below expectations: 69K to 79K: A smaller increase than forecast could result in EUR/USD pushing above one line of resistance.
Well below expectations: Below 69K. In this scenario, the pair could move above a second resistance line.

Looking at ADP Non-Farm Report of Wednesday, I Beleive we will be seeing negative Non-Farm Employment, which means increase in EUR and GOLD.

Sandy will have a false effect ... true adjustment will follow, later.

Yes i think its will strenth for EU

Really? That'd be a turn up, majority of those polled are expecting the headline unemployment rate to remain unchanged with approx range of 100-150k jobs added. Suspect there may be a siginifant revision to last months figure

I think nobody really knows what will happen to euro when news hit the wire. We should play whatever cards we are dealt. Cut losses short and let them profits run! Remember Folks April NFA for March. Gosh I was waiting for those numbers. It was a total surprise.

On April 6th " The U.S. Bureau of Labor reported earlier that March’s non-farms payroll data showed that only 120,000 new jobs were created last month, well below the consensus forecasts of 203,000. February’s data was upwardly revised to show 240,000 jobs had been created during the period. The unemployment rate fell to 8.2% from 8.3%, though forecasts expected it would remain unchanged."

Euro was in waiting mode till 8:30 AM. And then it rose like a happy bird in the clear sky! and Boom!

There's always the time honoured right way of trading the NFP numbers....don't.

If you're in a trend trade you stay in it, if not then don't open a low time frame position trying to grab a few pips whilst the market, brokers and platforms struggle to give you a price and limits and stops are constantly breached.