Wednesday, July 1, 2009

GET READY FOR NON-FARM PAYROLLS THIS THURSDAY

This Thursday promises to be a huge day for the USD. Nonfarm Payrolls are being released on July 2nd at 12:30 (GMT).
Nonfarms have always caused currencies to jump. If we look at last month’s Nonfarms, we can see that the event's forecast was -520 and the actual result was -345, causing the USD to rise by almost 250 pips.
Look at some past charts to learn how price reacts to Nonfarm Payrolls. It’s going to be a big day! If you already have an account, you may want to stock some cash in it. If you don't have an account yet, this could be a great time to get one.

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