The Non-Farm Payrolls report is one of the major news items emanating from the US, and because the US economy is the economy of the global reserve currency, this piece of news is watched by every market across the globe. This is one news item that moves the currency markets, stock market, commodity market, futures market and treasuries. This news is so important that traders cannot afford not to know how to trade it. Even if a trader decides it is too volatile a news release to trade, it is good to at the very least, know how this news item impacts the financial markets. In this article, we will not really go into the technicality of how to trade the news and how to interpret the numbers, but rather on what a trader should be trading when the NFP is released. Let us take a look at what assets respond best to the NFP, especially the currency pairs that contain the Yen. Read full article on our blog blog.forex4you/the-nfp-the-basis-for-trading-the-the-yen-crosses/
Posted on: Fri, 28 Jun 2013 08:39:45 +0000
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