NFP on Thursday | Forex Factory

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NFP on Thursday

  • #1
  • First Post: Jul 2, 2008 9:58am Jul 2, 2008 9:58am
Don't forget the change on NFP Report which is on Thursday instead of Friday due to Independence Day holiday.

http://www.forexfactory.com/calendar.php

FXDD is open regular hours on Friday
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  • #2
  • Jul 2, 2008 10:08am Jul 2, 2008 10:08am
eur interest rate statement 45 minutes before the NFP also. Could make for some crazy volitility. I believe I am done for the week, just to be safe.
  • #3
  • Jul 2, 2008 10:12am Jul 2, 2008 10:12am
Yes indeed some people are already calling tomorrow the most important day of the year for the market.. I am not so sure about the importance but i bet some eurusd is going to be crazy tomorrow.

Actually I think NFP is coming out right in the middle of Trichet's conference, which is going to be even more volatile than the release..
  • #4
  • Jul 2, 2008 1:39pm Jul 2, 2008 1:39pm
yes... I'm going to be away tomorrow... don't want to give back the profits of the week to the billionaires... of course you can make a lot also but I consider that the market has moved in anticipation a lot also.. very risky situation for me.... let the market move and give you more hints of what is going on after the announcement.
  • #5
  • Jul 3, 2008 4:25am Jul 3, 2008 4:25am
Quoting emda
yes... I'm going to be away tomorrow... don't want to give back the profits of the week to the billionaires... of course you can make a lot also but I consider that the market has moved in anticipation a lot also.. very risky situation for me.... let the market move and give you more hints of what is going on after the announcement.
im still floating in EU...any body can tell me i must close or not before NFP...
  • #6
  • Last Post: Jul 3, 2008 4:53am Jul 3, 2008 4:53am
hey guys

alot of news out today plus US holiday tomorrow so alot of traders will be squaring up postions ahead of that, so best stay out unless u know what u doing i guess...

expect some instant gratification trades(both ways)! post non farm and trichet, volatile price action,

figure lower than -100k and 5.8% rate will be interesting for Non farms, although trichet could reverse this by signalling no hikes- thou unlikely.... a postive number could be good for dollar....

so best to stick to USDJPY if u want to trade non farms volatility and EURJPY for Trichet? expect euro and cable to be very liable to whipsaw...

anyways good luck to all, happy trading
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