This is what I wrote in my Weekly Outlook this week…
I usually don’t post much from my Weekly Outlook to my blog, this is to protect my paying subscribers, but with the NFP on Friday and current market condition, I feel that everyone will benefit from a closer look… So here it is:
The headline is that NFP (nonfarm payroll) missed expectation and came out at:
Today has been a tough day as I was literally glued in front of my PC trading… we don’t get FIVE tradable news everyday.
Anyways, I hope you did well, I picked up couple hundred pips on JPY pairs, as a matter of fact, I timed the entry on GBP/JPY right around 130.80, and if you were watching the market, you’d know that right now GBP/JPY is around 135.00 level…
This NFP release surprised the market as usual and this time because of the better than expected figure, considering the weather / seasonal factors, it was a sign of strong recovery and stabilization of the U.S. economy… Needless to say, every high yield currency rallied at the end of the day, leaving JPY as the biggest loser of the week. This is obvious for my Mastermind Mentoring graduates as I’ve explained over and over that JPY is both carry currency and safe haven currency… any positive news that supports global economic recovery will have JPY pinned down… and if you were in my trade room, you’ll be trading none other than the GBP/JPY pair…
I just posted a video for you on a special trick in Forex News
Trading that made me tons of money during the spike trading days,
although you can’t really spike trade anymore, this trick still
works great for news trading and just normal Forex trading…
And of course, if you have a broker that currently allows you to
spike trade, you’re going to LOVE me for showing you this neat
little trick…
If you are looking for information on economic news and currency market [FOREX], look no further, because you’ve found it! You’ll not only find money-making trade plans and analysis on upcoming economic news, but also videos from actual trades taken live during these news releases based on the same trade plans, all for free!
If you are a beginner or never traded news releases, then please take a moment and read my post on the basics of forex news trading, you’ll get the basic idea of what are these economic news releases…
 |
 |
 |
Forex News Trading US Nonfarm Payroll (NFP) 02/03/12 We´ll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here´s ... (3301) Forex Analysis For US Nonfarm Payroll (NFP) Employment 01/06/12 We´ll be trading the US NFP (Nonfarm Payroll) Employment Change, it is the focus news release for the week. Here´s ... (3067)
Upcoming Forex News Calendar For January 16 ~ 20, 2012
The news on Friday was that S&P finally downgraded a number of euro zone member nations, including France's sovereign ratingby ... (2521)
Upcoming Forex News Calendar For January 9 ~ 13, 2012 The first real trading week for the new year in markets started with investors focused on Europe. US and European markets were ... (2281)
Forex News Trading US Advanced GDP 01/27/12 Here is the forecast for the US Advanced GDP q/q :
8:30am (NY Time) US Advance GDP q/q
Forecast 3.0% Previous 1.8%
ACTION: SELL ... (2187)
 |
 |
 |
 |
