When I began trading, the non-farm payrolls were the number #1 indicator I looked for
I remember countless of nights trying to understand
why this Economic News was so important
in Forex trading...today you get to witness just how powerful this
indicator is.
Yesterday the Federal Reserve Chairman of the United States Bank decided to pause interest rates this
This has given more fuel to investors to sell their euros and buy more dollars on this currency pair
because they will make more money on their savings in US Dollars until September
when the next FOMC meeting will be held.
This trend change is something you really need to watch out for
every time you are approaching the Non-farm payrolls.
This is your opportunity to go short on this currency pair
Disclaimer: Trading is risky you will lose money whether you like it or not, please learn risk management and profit-taking strategies.Trade safe.l