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Non Farm Payrolls May 2016


jbtrader

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Hi  

 

Thanks for the NFP estimates. Our analysts are leaning towards 160k which is the same as the previous announcement. 

 

For everyone else do let us know what you are all thinking. We do hold a webinar with our analysts before the big announcement covering trading analysis and commentary and so do sign up.

 

http://www.ig.com/uk/non-farm-payrolls

 

Keep your thoughts on Non Farm Payroll's coming!

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Quite the day! Market forecasts (per Bloomberg) now have just a 4% chance of a June move, back to where it was before the most recent minutes. US dollar selloff suggests we could see quite a bit of strength in areas like EURUSD and AUDUSD, with the former suggesting that eurozone indices will have a tough time of things. 

 

Be aware Janet Yellen speaks on Monday (c. 5.30pm London time) so there is time for the moves today to be reversed. Indices however might find it hard to rally given how bearish people are getting on the US economy. 

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Just a re-cap on a spike and channel formation. After a spike there can then be an equal measured move up by channel which then often becomes a flag pattern, the longer the flag lasts the more likely it is that price will then retrace back to retest the top of the spike.

Just sayin is all.

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