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revision

US Nonfarm Payroll Changes 09/04/09

by Henry Liu on September 3, 2009

8:30am (NY Time) US NonFarm Payroll  Forecast -223K  Previous -247K
ACTION: USD/JPY           BUY -150K      SELL -300K

Our primary  focus will be on the actual release, which is expected to be at -223K.  Wait for the numbers to come out, but do not take the trade YET, even if we get -150K or -300K.  Now wait for the revision number, which is -247K.  Market usually overracts with the Revision, so if it does not conflict with the release, we get a better chance of this trade working out.


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US Nonfarm Payroll Changes 08/07/09

by Henry Liu on August 6, 2009

8:30am (NY Time) US NonFarm Payroll  Forecast -320K  Previous -467K
ACTION: USD/JPY           BUY -250K      SELL -400K

Our first focus will be on the Headline Number, which is expected to be at -320K.  Wait for the numbers to come out, but do not take the trade YET, even if we get -400K or -250K.  Now wait for the revision number, which is -467K.  Market is likely to overract with the Revision number, so if the revision does not conflict with the release, we get a better chance of this trade working out.


1 comment