Date | Friday 1st November 2019 |
Time | 12:30 |
USD Nonfarm Payrolls is released prior to the open of the US session.
We add USD Unemployment Rate as a Conflict and we look for a spike of 20-30 pips if a trade is triggered.
What happened last time?
USD Nonfarm Payrolls – 19-10-04 | |
Time | 12:30 |
Forecast | 140 |
Actual | 136 |
Deviation | -4 |
One minute spike | 37 pips |
Last month, the initial spike in USD/JPY was down on a slightly worse headline figure. However this was instantly bought due to the better than expected Unemployment Rate (3.5% v. 3.7%).
How we setup
Main Event | USD Nonfarm Payrolls |
Market | USD/JPY |
Deviation | +/-40 |
Prior | 136 |
Forecast | 89 |
Triggers |
Buy >128 Sell <50 |
Conflict 1 | USD Unemployment Rate |
Prior | 3.5 |
Forecast | 3.6 |
Triggers |
Buy <3.6 Sell >3.6 |