We will be trading the NFP release number today, which is expected at -120K with a previous release of -190K; if you remember what happened last NFP, you’d know that the release consensus expectation slightly, but with postive benchmark revisions of last 3 months’ NPF releases, we actually got about +70K of deviation… However, these positive releases from past revisions didn’t really matter to traders as the Unemployment Rate broke above the 10.2%, which brought an immediate risk aversion sentiment as we saw stronger JPY across the board…
Click on post title above to read the full article.
We will be trading the NFP release number today, which is expected at -173K with a previous release of -263K, which was a disappointment during last NFP release. We’ll wait for the numbers to come out, but will not take any trade YET, even if we get our tradable figures (-100K or -250K). We’ll wait for a possible revision to the previous release number, which is once again -263K, as the market usually overreacts with the Revision; chances favor for this trade to work out if we do not get conflicting releases between the revision and the actual release.
Click on post title above to read the full article.
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 ... (2176)
