USD Nonfarm Payrolls - 19-11-01

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%).

Setting up procedure

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

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