In our Daily Trade Watch video, we look for high probability trade setups that we can trade throughout the day. Today, we analyse the markets with relatively calm conditions going into NFP.
As a result, we start with a look at the numbers expected in today’s NFP. 166k jobs expected and this is the number that is currently built into current prices. This means that if we exceed 166k jobs we are likely to see the dollar strengthen and if we see less than 166k jobs we are likely to see the dollar weaken.
We just need to be ready no matter what happens to the dollar. Therefore, if the dollar strengthens we like the following trades:
- USDJPY above 109.80
- USDCHF above 0.9750
- EURUSD above 1.1120 (if the dollar weakens)
- AUSUSD above 0.6885
Relatively Calm Conditions Going Into NFP – Full Video Analysis
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