Friday, April 3, 2015

NFP Report March 2015

Currency Pair: AUDUSD
Timeframe: Hourly Chart (H1)
Recommendation: Buy AUDUSD @ 0.7600
Take Profit @ 0.7850
Stop Loss @ 0.7500

I am looking for a NFP report which shows between 155,000 and 175,000 jobs in less than one hour and think that the US Dollar will drop quite a bit as a result of position shifting as well as plenty of stop loss orders being triggered. Too many think they can profit from gambling on economic reports and newbies should best leave the report alone altogether.

I would not be surprised if the household survey will show less than 50,000 jobs added. Don't worry about the unemployment rate as it is really worthless.

 PaxForex

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