Date | Friday 8th March 2019 |
Time | 13:30 |
USD Nonfarm Payrolls is released pre-US session.
We add USD Unemployment Rate to Conflict Manager and we look for a spike of 20-30 pips if a trade is triggered.
What happened last time?
USD Nonfarm Payrolls – 19-02-01 | |
Time | 13:30 |
Forecast | 165 |
Actual | 304 |
Deviation | +139 |
One minute spike | 21 pips |
Although we saw a large beat on the headline event last month, USD Unemployment Rate missed forecast (4.0 v. 3.9). No trade was triggered due to the conflict, this is the reason for the spieky market reaction.
How we setup
Main Event | USD Nonfarm Payrolls |
Market | USD/JPY |
Deviation | +/-40 |
Prior | 304 |
Forecast | 181 |
Triggers |
Buy >220 Sell <142 |
Conflict 1 | USD Unemployment Rate |
Prior | 4.0 |
Forecast | 3.9 |
Triggers |
Buy <3.9 Sell >3.9 |