Posts Tagged ‘NFP’

NFP Announcement

Friday, November 5th, 2010

The NFP release cameo out better than expected: 150K vs. 63K. The impact to the market wasn’t that wild though, as I said in a previous post, everyone was expecting a better number, the impact would have been larger if the number was worse than expected.

Its good though that the market didn’t take much impact because the market conditions on most currency pairs haven changed, what was bullish, they are still bullish, and the same goes for bearish currency pairs.

There are a few currency pairs that I really like, cant wait for next Monday to start trading them.

Trade Safe!

Raul Lopez
Forex Training

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Busy end of the week

Thursday, February 4th, 2010

We got plenty of fundamental announcements for what is left in the week:

Thursday: Interest rate announcements for the Euro and GBP
Friday: Unemployment reports for the USD and CAD

And if it wasn’t enough:

All G7 meeting Friday and Saturday

Its going to be difficult to open a trade tomorrow, I’ll have to close it before the NFP announcement… so I guess I’ll only be watching…

Be careful with these announcements! Don’t put at risk what you have earned following your system.

Trade Safe!
Raul Lopez

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Looooong Weekend

Friday, January 8th, 2010

I like the first Friday of every month, not because how the market reacts to the Non-Farm Payrolls announcement, but because I take the day off (Actually, I did write this post yesterday and scheduled for today).

It’s very difficult to trade the most important announcements, the market goes crazy making wild swings, and most of the time the market ends up where it all started. I think this is the kind of risks that traders should avoid, we just can’t afford it. Picture this scenario, you been trading all month long, following your strategy but somehow you decide to trade the NFP announcement, and all you’ve made during the previous month vanishes. I just don’t like the idea.

Even if we knew the actual figure, it would still be difficult, because sometimes the market moves against the fundamentals, good data, and the market goes down, bad data and the market goes up, very bad figure and the market stalls, etc.

This is why I take the first Friday of each month off. What do you think? Is it worth it?

See you next Monday! Have a nice Weekend.
Raul Lopez

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