What’s the NFP Game Plan? Is Yen to take the lead? | Forex Factory

  • What’s the NFP Game Plan? Is Yen to take the lead?

    From oanda.com

    Investing is greatly influenced by emotion and perception. The market view has current sentiment ever rising, as the mood ahead of this morning’s non-farm payroll remains relatively upbeat after US data this week showed private sector job growth for February with an increase of +198k, higher than January and above expectations. NFP is the granddaddy for all economic indicators. So far, Thursday’s better than expected US weekly initial claims benefits has not dramatically changed many individual’s outlook for this morning’s release. Consensus is looking for a +160k print confined within the +145k to +225k ... (full story)

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Trader#80AA
Mar 8, 2013 6:43am
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I don't know about the yen...but the euro spent 30minutes spiking up to 1.3133 and then nearly 2hrs selling off afterwards. Thanks for tipping your hat Mr. Market.
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Trader#80AA
Mar 8, 2013 7:01am
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You don't rally up to 1.3133 and then sell off back down to the days lows if it's truly an up market. Last chance to sell euro around 1.3100 before the big drop today!
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