EUR/USD on Non-Farm Payrolls

In my non-farm payrolls preview yesterday, I talked about how the initial reaction in the EUR/USD post payrolls is fade-able. In each of the last 3 times that payrolls was released, the EUR/USD’s knee jerk reaction was quickly erased as a new trend emerged for the trading day. This is the chart that I showed on how the EUR/USD traded after the non-farm payrolls release on January, February and March.

This is how the EUR/USD has traded so far since the non-farm payrolls release – see the resemblance?

source: eSignal

source: eSignal

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4 Comments

  1. Instead of EUR USD, I love to see the knee jerk reaction on GBP JPY during NFP released. I have no strategy to use to open trade during NFP released. I will ensure all positions would be closed before the NFP released and start to rest until the next Monday. Thanks for sharing this good info!

    Reply
  2. choppy? I would say it was a train wreck. The Euro was killing the dollar, then reversed, and on and on with unpredictable action. Hard to make a buck these days!

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