As my stats tell me, pros or whoever initiated that move up, cleared only very few longs yet but some. They hope for weak NFP numbers to spike market up and sell the stuff to the crowd - but forecast of NFP is already lower than last time numbers.
We had no big retrace yet, -on any important USD pair which speaks for high risk from pros today. Not sure what will happen if NFP is better than expected. I think they protect their longs with heavy buyings around 1.2720's in case NFP is good before let it drop again.
Also avg. hour earnings will have huge impact on economic / interest rate site but I don't expect any surprise here. Due to in-sync of NFP numbers today with economic outlook regarding interest rates (NFP Up, Interest Rates fix, no rate cut, USD up) and also economic outlook on economy (NFP Up, USD up) we will have a probably clear direction after news.
IMHO I think they know already datas (NFP) which are weak today... looks like inside buys for me since yesterday after London close (of course it is forbidden but who cares, no one). Risk is too high for longs now without knowing numbers already. Also keeping low 1.2740's had cost a hell of money so I think they know already. I still have quite big short position in the 40's. Let's see how it goes. I think today I'm on the loser side but 1-2 times per year you have that kind of PA like yesterday/today and have to take the loss (but I stay in until it is over today, my system is not allowing me to fold my cards yet).
We had no big retrace yet, -on any important USD pair which speaks for high risk from pros today. Not sure what will happen if NFP is better than expected. I think they protect their longs with heavy buyings around 1.2720's in case NFP is good before let it drop again.
Also avg. hour earnings will have huge impact on economic / interest rate site but I don't expect any surprise here. Due to in-sync of NFP numbers today with economic outlook regarding interest rates (NFP Up, Interest Rates fix, no rate cut, USD up) and also economic outlook on economy (NFP Up, USD up) we will have a probably clear direction after news.
IMHO I think they know already datas (NFP) which are weak today... looks like inside buys for me since yesterday after London close (of course it is forbidden but who cares, no one). Risk is too high for longs now without knowing numbers already. Also keeping low 1.2740's had cost a hell of money so I think they know already. I still have quite big short position in the 40's. Let's see how it goes. I think today I'm on the loser side but 1-2 times per year you have that kind of PA like yesterday/today and have to take the loss (but I stay in until it is over today, my system is not allowing me to fold my cards yet).
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