Dollar is Expected to rise on Today's NFP Data !News Update for Friday, Nov 02, 2007 (7:00 and 8:30 AM EST US NY Time)
We have total three important data news today two of them coming out of US at 8:30 AM EST and other one from Canada at 07:00 AM EST time, this is very important and exciting event.CAD Jobs Data at 7:00 AM EST
US NFP Data at 8:30 AM EST
Extreme caution required on this data news event so trade forex signals accordingly...CAD JOBS DATA :
First Major News coming out from Canada is Jobs- Net Change Data which is most important news, it will come out from Canada around 07:00 AM EST. The expected number to come is 12K versus 51.1K of last month. if the Canadian jobs data comes out less than 5K or lower near to zero, it will spike up the USD/CAD by 50 pips or more in the first 60 minutes of the data news. don't miss the initial spikes, if the Canadian jobs data comes at 35K or higher, it causes the USD/CAD down by 40 to 50 pips in the first few 60 minutes of the data news.
--------------------------------------------------------------------------------------
US Non Farm Payroll Data:
This time Non farm payroll is confusing because of negative reading last month, On this first Friday of the month of October the US Non-Farm Payroll data is coming out from US. The previous number was 110 K, Now we are Expecting NFP data around 80K. If the NonFarm data comes out above 110K or higher we will Sell EUR/USD and GBP/USD, but if the data comes around 50K or lower, our strategy will be to Buy/long EUR/USD and GBP/USD and target will be 50 to 80 pips on either side.--------------------------------------------------------------------------------------
Traders are advised to Trade Instant Signals according to the News.. Newbie traders are advised to trade this event on demo account. if your Broker's platform wide their spreads during news time don't try to trade news data on that platform.
Traders are advised to put their own stop-loss and limits according to their own experience on open trades.
This News Letter is also Available on our Forex Signal and News Blog at:
http://fxforecaster.blogspot.com/Thanks and Best Regards
Fxforecaster Team
www.fxforecaster.comDisclaimer: Fxforecaster's market analysis is not investment advice and must not be taken as recommending particular market positions. Fxforecaster.com can take no responsibility for any actions taken by investors.This email is never unsolicited, this email sent you as you subscribed on Fxforecaster.com for its services.
