Forex Market’s Reaction To The Non-Farm Payroll
Needless to say the anxiety with regard to the NFP is great. Most see a weak number with a bias to even weaker. The reaction by the market will be interesting to see as it will be hard to predict. To give an idea of the potential reaction, a look at last months move can be a proxy. The range for the day post the announcement was around 100 pips, rather narrow. However, the movements up and down were fast and furious especially in the morning.
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