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Question about Non Farm Payroll Movement

  • #21
  • Jun 7, 2014 11:17am Jun 7, 2014 11:17am
Quoting messiah01
If you're talking about UK data check this out.. http://www.bbc.co.uk/news/blogs-maga...nitor-26666191 49 people actually get told the data results the day before.. so I'd say there's a 99.9% chance that it's for sale to those with deep pockets! (don't know if it's this 49 for all the economic data releases, but think it'll be a similar set up)
No wonder GBP always got some movement before the actual release. Thanks for the information.
Learn to Trade is Important. Keep your bias & ego aside.
  • #22
  • Jun 7, 2014 11:37am Jun 7, 2014 11:37am
Thanks for that information.

I always was wondering why GBP made moves before important news.

Now I know. The big boys are cheating.
  • #23
  • Jun 7, 2014 12:52pm Jun 7, 2014 12:52pm
five year later ask same question

Quoting chaosbun
I saw this at ForexLive page. I am confused on the following lines May non-farm payrolls 217K vs 215K expected The market was ready for disappointment but these numbers are solid and slightly better than the consensus. What’s happening in the market is that this cleared away the main risk hurdle for the euro bulls and that’s causing a broad US dollar slip with USD down about 20 pips across the board after the numbers. ----------- I am not sure why non farm payroll that come out as expected is dovish for the USD. Unemployment rate also remain at...
My Best Trade is Next Trade!
  • #24
  • Jun 8, 2014 3:16am Jun 8, 2014 3:16am
Quoting No-Luck
Thanks for that information. I always was wondering why GBP made moves before important news. Now I know. The big boys are cheating.
Because it's legal in Forex you can very safely assume that a HUGE amount of 'cheating' goes on especially around news releases... but it doesn't really negatively effect my trading and there are ways to actually take advantage of it
  • #25
  • Jun 8, 2014 9:39am Jun 8, 2014 9:39am
Quoting messiah01
{quote} Because it's legal in Forex you can very safely assume that a HUGE amount of 'cheating' goes on especially around news releases... but it doesn't really negatively effect my trading and there are ways to actually take advantage of it
I usually assume that by the time the information is released to the retail trader, the heavy hitters have already traded on it/set up positions. Trading news can be erratic in my experience so I usually just don't do it.
  • #26
  • Last Post: Jun 8, 2014 8:48pm Jun 8, 2014 8:48pm
Quoting FerruFx
{quote} The price movement isn't due to the news but to the traders reaction.


Bottomline, that's all it is. If only more retail traders understand this...

Quoting Mingary
{quote} ==> I was forecasting that the result will be as expected and would be usd positive, the forecast was correct but the reaction went opposite of what I expect it to be. Here is your answer.
As suggested by Mingary, the question was already answered by the OP.

It didn't matter if the forecast was correct or otherwise. The only "correct" move is the actual market's move and not what you THINK should be the market's move.
I'm not trying to convince anyone. I'm not in the "convincing" business.
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