US news today - great volatility?

Apparently there is little consensus amongst economics on how the US numbers will come out today, hence there may be a lotta volatility espcially on EUR/USD.

Anyone planning to trade on this? If yes, what's the plan re entry, SL, TP etc.?

Hello,
in my humble opinion, i expect some degree of volatility, but i dont expect laqrge moves either up or down, gonna be a jerky movement of about 25 pips no more..and i think the Dollar will keep its bullish trend.

I would be attentive to the PPI report. Smells like inflation. Actually, PPI report measures in a way how manufacturers in US are affected by inflation.


Inflation is the "flavor of the day" when you talk forex fundamentals. PPI also measures changes of price from seller's perspective.

The feds paused the hike but the problem is not fixed. Market will keep looking for clues to see if there's another hike comming. Anything that smells inflation could spark the flame.

I advise caution on this report.

Cheers

By the way


CPI (Consumer Price Index)

Tomorrow - That will be something to look for.

In this report particulary, market is looking for balance exports vs. consumer goods. If it comes out good, that could relieve some pressure off the feds. I suggest after this report, check the dollar index and do a little crossover from there to the mayor instuments (EUR/USD, GPB/USD AND USD/CHF). Check for market behavior. There's always clues for trading.

A lot of people were expecting inflationary report but we got the opposite. It just shows how you never know.

I managed to win 40 pips from PPI via FXCM. My straddle script over at MT4 did not execute - I forgot to turn on "Live Trading".

Oh well.. Still a good day...

did I not see this coming or what?! :surprised GBP up 80+

I think I'll sit out BOE tomorrow!

Burgerking, what was your entry strategy with FXCM on this report today?