Good day forex trading koalas.
Welcome to another monthly review of the US Non-Farm Payroll. Trading during the US Non-Farm Payroll is extremely risky. Sometimes not trading may be the best position.
With the continuation of the various economic issues on both sides of
the Atlantic, many investors are concerned on the possibility of a
further weakening employment market in the US.
The US Non-Farm Payroll turned out to be much worst than expected. Clocking in at 0 gain in employment, many investors went into risk aversion. While the unemployment rate remained at 9.1%, such level of unemployment is unhealthy for the economy. After the initial knee jerk reactions, we could see the EUR/USD sliding down in favor of the US Dollar, probably a result of increased demand for "safe" assets. The entire US Non-Farm Payroll session gave us a whip saw range of about 100 pips, making it easy for stop losses to be taken out on both sides of the trade.
As equities and world wide economic conditions continue to be depressed, many will be on the look out for next month's report for any further degradation of the employment market.
Trade Safely.
