And again NFP discussion 08.03.24

Good afternoon,

i am a great fan of news trading cause it offers you (under certain circumstances) the possibility to make fast money - but not allways, like now.

Some minutes ago NFP data where released - someone can see a mixture of green and red numbers, so thats a typically situation where you cant predict with high probability a certain direction of the indices.

In the actual situation all green would have predicted a down move cause of high interest fear, all red an up move (what happened right now) cause of interest cuts.

So i did not bet the direction - its too unclear cause of the mixed picture. Later in the afternoon it will turn out wether the "Greens" or "Reds" push the market.

[quote=Cashbear;14787332]

In the past year the US has created 921.000 Part time jobs and lost 284.000 full Time jobs.
Key Manifacturing jobs are being lost and replaced with Service or goverment jobs.
In my eyes its bad, who finaces those goverment jobs? Could it fuel Inflation if tax revenues are not enough?

I expect some major longterm reversal in US and EU indicies, just avoiding the buy side for now while also not necesarry forcing shorts.

Thats what happened during the last two hrs. - it slightly looks like an up move
If prices start falling in the evening to the end today, journalist will write " cause of the higher NFP numbers which favorize "no rate cut so fast" mood inspite lower average earning numbers market participants keep out..." in the case prices keep on rising they will write " green NFP numbers where outruled by lower average earning figures so market participants expect soon rate cuts and enter long..."

After 3,5 hrs - price reversed, thats the reason why trading such a mixed report is not recommended....