Date: Friday 8th March 2019
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?
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.
Setting up procedure
Our market of choice: USD/JPY
USD Nonfarm Payrolls
1. USD Unemployment Rate
As always, make sure you set the auto-click locations, and we advise hitting load on News Trader Pro 60 seconds before the scheduled release time. Good luck!