Non-Farm payrolls thread

Dyana

Super Serious Forex Trader
Indicator-wise...this is ready to drop....but this is not an indicator driven rally....this is Corona fears...and we have no idea how this will develop, or how do markets will react going forward.

I normally would listen a lot more to indicators, but one also needs to know...when not to listen to them.
 

Kylorean

Forex Spellbinder
Indicator-wise...this is ready to drop....but this is not an indicator driven rally....this is Corona fears...and we have no idea how this will develop, or how do markets will react going forward.

I normally would listen a lot more to indicators, but one also needs to know...when not to listen to them.
Well said @Dyana (y) Let's see of this NFP gives it some rest, and normalizes the rally somewhat.
 

Kylorean

Forex Spellbinder
NFP 273,000
Unemployment 3.5%
Wages 3.0%
I can understand that this will not cause an immediate turnaround, but these numbers should have taken a lot of EUR bulls to the sidelines.
  • The fundamentals have basically said they are not part of this rally at this time.
  • Same thing for the technical traders. Every chart on all indicators is oversold.
  • So we are left with speculators....can they alone continue this rally is the question....:unsure:
 

Applepine

Super Serious Forex Trader
I can understand that this will not cause an immediate turnaround, but these numbers should have taken a lot of EUR bulls to the sidelines.
  • The fundamentals have basically said they are not part of this rally at this time.
  • Same thing for the technical traders. Every chart on all indicators is oversold.
  • So we are left with speculators....can they alone continue this rally is the question....:unsure:
Loved your analysis @Kylorean ๐Ÿ˜€๐Ÿ˜€๐Ÿ˜€๐Ÿ˜€๐Ÿ˜€๐Ÿคฉ๐Ÿคฉ๐Ÿคฉ๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘!!!!!!
 

Grid Master

Forex Alchemist
I can understand that this will not cause an immediate turnaround, but these numbers should have taken a lot of EUR bulls to the sidelines.
  • The fundamentals have basically said they are not part of this rally at this time.
  • Same thing for the technical traders. Every chart on all indicators is oversold.
  • So we are left with speculators....can they alone continue this rally is the question....:unsure:
Great post @Kylorean ๐Ÿ˜Ž๐Ÿ‘๐Ÿ˜Ž๐Ÿ‘๐Ÿ˜Ž๐Ÿ‘!!!
So now....we wait :)
 

Subprime

currently attending Forex Kindergarten
It's going to be a fitting close of the week, whatever it is....make sure you have the right strategy in place....this could be a very sharp reaction
 
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