Goldman Sachs have lowered their forecast for tomorrow's U.s NFP to +25k from last month's +117k. As usual the key factors will be
a. Headline number and relationship tp previous and forecast
b. Any revision to previous Headline number
c. Private payrolls component number
d. To a lesser extnet the Manufacturing payrolls component number
e. Un-employment rate and relationship to previous and forecast
In recent times, the report (s) have not had the knee-jerk reaction, and to some extent, the same day follow thru impac/reactiont that they used to have, but it's still an eagerly anticipated release.
I guess the key questions on it's release will be
a. Effect on any fed decisions in it's extended meeting later this month ?
and from a market reaction point of view
b. Will a generally bad report be reflected in risk aversion or in $ aversion ?
My Strategy on Gbpusd will be to go with the money should any hi-probability immediate post and post data set-ups result. This may include getting involved in any real momentum plays on the closure of the immediate post data 1min (+) candle (s) depending on the overall PA set-up. 'Sell the 1st Hi-Buy the 1st pullback' -and conversely- 'Buy the 1st Lo-Sell the 1st pullback' classic data/news plays may set up for consideration.
Whatever you decide, hope it treats you well.
G/L
a. Headline number and relationship tp previous and forecast
b. Any revision to previous Headline number
c. Private payrolls component number
d. To a lesser extnet the Manufacturing payrolls component number
e. Un-employment rate and relationship to previous and forecast
In recent times, the report (s) have not had the knee-jerk reaction, and to some extent, the same day follow thru impac/reactiont that they used to have, but it's still an eagerly anticipated release.
I guess the key questions on it's release will be
a. Effect on any fed decisions in it's extended meeting later this month ?
and from a market reaction point of view
b. Will a generally bad report be reflected in risk aversion or in $ aversion ?
My Strategy on Gbpusd will be to go with the money should any hi-probability immediate post and post data set-ups result. This may include getting involved in any real momentum plays on the closure of the immediate post data 1min (+) candle (s) depending on the overall PA set-up. 'Sell the 1st Hi-Buy the 1st pullback' -and conversely- 'Buy the 1st Lo-Sell the 1st pullback' classic data/news plays may set up for consideration.
Whatever you decide, hope it treats you well.
G/L
ex member