USD Nonfarm Payrolls - 20-03-06

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

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