NFP release inconsistencies?

I am a news trader....

So 5:30 LA time NFP gets released, news is against USD, EUR/USD shoots up as expected.

News is against USD. Therefore NZD/USD should shoot up right? But, NZD/USD goes down (see attachment).

Ok so its easy to say EUR/NZD went up so NZD/USD had to compensate to go down. But how does one know that the NZD/USD would go down???

Most spike trading is a result of panic and confidence in the market. The size of the impact has alot to do with the volume present in the currency. The spike on the GBP/USD and EUR/USD were larger because there is alot more liquidity in those markets than the NZD/USD.

A word of advice: Spend more time on forex factory learning how to actually trade technically or fundamentally and less time trying to bet it on the up or down of a news spike. Spike trading is a dying breed, as more and more brokers spend resources to foil news trading and make them lose. Even if you happen to win, the broker may withraw that money and claim it wasn't trading profits.

I just don't want to see you as the next person on the forum that gets burned spike trading and then comes here to complain.

I would say that the NFP release brought a lot of risk aversion to the markets; traders fleeing from carry trades, a lot of which are NZDJPY and AUDJPY. Therefore NZD went down.

come to think of it, the EUR/JPY also shot down. That is weird. very weird.

yup i noticed that myself... usdjpy -1.2%, eurusd +0.8%, eurjpy -0.4% in the couple of hours after the release.

not so weird when you consider that JPY has been raising so strongly lately, which is what happens when there is a "financial crisis" (look at august for example) and carry traders panic.