Date | Friday 6th March 2020 |
Time | 13:30 |
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 – 20-02-07 | |
Time | 13:30 |
Forecast | 160 |
Actual | 225 |
Deviation | +65 |
One minute spike | 17 pips |
Last month saw a beat on the headline (225K v. 160K), however USD Unemployment Rate came in worse than expected (3.6% v. 3.5%). This explains the spikey market reaction. A trade would not have triggered using our parameters because of the conflict.
How we setup
Main Event | USD Nonfarm Payrolls |
Market | USD/JPY |
Deviation | +/-40 |
Prior | 225 |
Forecast | 175 |
Triggers |
Buy >214 Sell <136 |
Conflict 1 | USD Unemployment Rate |
Prior | 3.6 |
Forecast | 3.6 |
Triggers |
Buy <3.6 Sell >3.6 |