Some caution ahead of this week’s NFP!

Hi everyone,

First of all, this is a reminder for you to book your coaching in with me as soon as possible, especially before your coaching session expire!

If you need assistance, please do not hesitate to contact Katie.lewis@learntotrade.co.uk to help you book yourself in.

I recommend you book in for coaching this week, or next.

As for general trading conditions, please note that this week Friday is Non-Farm Payroll day, and the market is very likely to swing about wildly between Thursday and Friday. In order to keep yourself safe, I recommend you do not trade on either Thursday or Friday this week.

I will go over this in greater detail in this week’s Midweek Market Focus!

Also, if this week becomes very sluggish, and hardly moves between today and Wednesday, it’s likely due to the market deciding to wait until then, and being undecided, or pausing. This is in itself a indication to wait and not trade.

From a technical analysis point of view, please note the following can contribute to extreme changes in daily trends:

All the charts below (weekly/daily/monthly) show the majors at or very near key horizontal levels, starting with the USD Index- this indicates that a reversal could well happen this week- this is often the case when the market hits key levels at the same time- then, it’s the US Dollar that will probably tip the game. Please be aware of this!

NFP_CHF NFP_DX NFP_EUR NFP_FTSE NFP_GBPUSD NFP_nzd

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