Non-Farm Payrolls 1st of SEP

On the above images the box is created between 00:00 am to 7:00 am EST on GBPUSD M15 chart. On a neat reaction of the market like the one below (Aug 4, 2006) you can even place your order with peace of mind about 15 minutes before the news release. BTW, if you want to win big I suggest to focus on GBPUSD only (just a suggestion).

I have a question to the fundmastahs out there...what effect does non farm payrolls have on crosses. I know the effect on EUR/USD or GBP/USD and so on and so forth, but what effect do these numbers have on currencies like EUR/JPY.

I'm a technical analyst,,but one that knows that on certain economic days the fundamentals can slam you like an anvil with a surprise.

The Hun.

Haven't been trading the yen for long so someone can correct me if im wrong. If euro weakens vis a vis the dollar its likely the euro will weaken against the yen to some extent. Euro/yen should come faster to its previous level. Please dont take this as a definitive answer!!

Where would I get the live release of this info, as it happens? Can it be recieved for free... I just don't know.

I dont straddle, I just try and enter at the right time. Actually knowing the ifo would really help, rather than just watching price action....

Something I've noticed in general: EUR and the Cable react sharply, that is, shoot up very fast, to negative NFP. However are relatively calm, go down slowly(sometimes whipsaw) when the NFP is good. Of course, the standard disclaimer is that there are lot of other factors at play.

hi Jason,

hope this helps.

The U.S. bureu of Labour statistics publishes it. Have a look at the website...


I think this is the link you're looking for;

http://www.bls.gov/bls/newsrels.htm



Its prob easier get a live market feed. most traders would be tuned to say bloomberg or cnn etc so they'd have an up to date news rather than hitting refresh constantly.

Howdie Mike,

I use MT$ mobile and really like it when I'm away from my trading station. I did alot a research on handheld hardware. I settled on the Audiovox XV6600 with Verizon data service. This one is better as pocketpc than a cell phone. It's biggest plus is the larger screen than the blackberry or phone models out there. Downsides to MT4 are you can only see one window at a time and you cannot function EAs or custom indicators on it. Other than that I love it.
Good luck.

If you want more info PM and give you some links I used.

May your pips have grandchildren.

Hi All,

I just like to set a "Trap" order when we are facing big news like NFP.
The risk is to big if we are open order/s just before this news.
That's just my opinion guys ....

Does anyone know what effect the NFP will have on EUR/GBP? If so please let me know im very interested. thanks

mesin,
Could you please explain what you mean by "trap" ?

That was it, money talks...thanks!!

Based upon what you said I looked at cnn. Did you know you can have a live feed for one day for .99?? It's worth it to me!!!

Any takes on the action tomorrow?

Let me try ..

fiber will spike up to 1.2835/45 and then will be hammered to 1.2710.
cable will jump to 1.9060/80 and then will ease to 1.8900
___________
Disclaimer:
this is not recommendation, just imagination...

I just wish i knew what it was gonna do to eur/gbp . Anyone know where i can get charts of eur/gbp for past nfp releases???

Man, took me a while to find the news forum!


Non-farms should be great!!! Cant wait! I have my triggers at 20k, + and -. All i can say is, ill trade the retrace just to get 10-40 pips, depending on how the market moves. Even if i make about 10 pips, it is still profit, even though i am on a demo. GL to all!! $$$$$$$$

You guys can see it, $$$$$$... just watch out for the freakin spread!

Good Luck to all...........I'll see you on the other side of the NFP!!!!!!

You're looking at 15 minute charts. That's the problem.

You ain't the only one...

I live for the first Friday of every month!

Oh, don't worry, I'll definitely see the other side of your trade.

Not if I'm straddling too...........it's all a matter of execution, then which one of us comes out with more pips!?!?!?

as long as they are both in black for both/all of us, it's OK by me!

since raczekfx already mentioned some nice spots which I have, too

likely reversal spots higher:
1.9060 area is (along with 1.9040) a classic resistance and a 78.6% as well as 127.2% target
1.9088 twice confirmed resistance via touch and return, potential fake break reversal price for over 1.9060
1.9140 is former resistance and 127.2% and 161.8% target for 2 seperate ranges and the top of our recent range in august
1.9170 possible target
1.9240 possible target/exhaustion

middle ground and sort of a twist and turn is 1.8995

lower:
1.8970 has .618 and .382 as well as having been pivotal support twice and resistance once (still think it's weak)
1.8915-1.8925 is a fib laden area which tends to just slow things down till they reach
1.8895 another weak support
1.8865 finally is a better support with more fibs at 1.8840s and a last resort support at 1.8825. under that is a retest of 1.8775 low of range

basically what stands out is that to the downside things are creaking and possibly weak until either 1.8860 or 1.8775 is reached and retested
and to the topside 1.9240 is up for grabs if 1.9060 along with 1.9085 and finally 1.9140 can be sweeped away.

biggest trouble with cable is that it has no problem faking/overshooting by 20-35 pips to then just fully reverse and erase all hopes of the spike having been a true break.
this means you cant go by a "if it moves 5-10 pips over this level it's a break" logic, but you need sustained breaks for longer periods or a decisive move past by a lot...
and orders can't take that into account :/
cable is very dangerous lately...

also I have seen consensus as 120k and not as 130k and people expecting under 100k....so there is nothing you can go by, if people already secretly expect only < 100k then we COULD see an opposite-logic reaction like the market did the last 3 new releases....things SEEM anti-dollar and dollar rallies...buy the rumour, sell the news....abandon all hope all ye who enter here