With many giant corporations laying off their labour force en masse, while NFP actual figure have been above the Consensus for at least 4-5 months now, will it print another actual > consensus today?
The situation seems cloudy to me, and i usually avoid trading NFP cause I rarely get on the right side.
GU Structure is downward,
MM loves to trap Retails on the wrong side first, then take them all on the opposite side on data release, but somehow this theory worked seldom with NFP.
As employment in the private sector already showed an increase (ADP), which may have already offset the large labour force layoff from these big Corps, NFP might up= UJ also looked like they want it to go up
Stalking what the BIG guys doing in Indices:
Gold and US30 looks like the MM are in shorts on Daily TF
while US10Y looks like it wants to go up.
All pointed towards USD UP atm
The situation seems cloudy to me, and i usually avoid trading NFP cause I rarely get on the right side.
GU Structure is downward,
MM loves to trap Retails on the wrong side first, then take them all on the opposite side on data release, but somehow this theory worked seldom with NFP.
As employment in the private sector already showed an increase (ADP), which may have already offset the large labour force layoff from these big Corps, NFP might up= UJ also looked like they want it to go up
Stalking what the BIG guys doing in Indices:
Gold and US30 looks like the MM are in shorts on Daily TF
while US10Y looks like it wants to go up.
All pointed towards USD UP atm
More time in the market, does not mean you trade better!
1
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...just for fun
you can't win them all but you do win most, thanks for your transparency ...
