NFP

Good afternoon dynamic traders.

We have reached that time of the month when NFP is released and this is where lots and lots of dumb money traders will gamble their hard earned cash away. Today is where we need to take a moment and thank them for doing this because trading is a zero sum game and without the dumb money the smart money have little room to profit.

That said, be aware we have some major volatility due out and do not get emotional. Unless we have shown you how to trade the news, do not get sucked into the dumb money trades.

The NFP expectation is -320k and to be honest -400k would not come as a shock to me. It will be interesting to see this afternoons trading.

I am short from this morning on the EURGBP as you have already seen from my Twitter update and Bijal's morning forex analysis.

You can read Anne's Porsche update here.

Enjoy the weekend and then it's back to a new week of forex trading.


Good trading.

Javid Shaik
Forex Analyst