Nonfarm! Non-farm!
Today, fans of profitable trades await the release of data «Non-Farm Payrolls» in the US and there are predictions: what will happen to the dollar during the day? Give an accurate prediction is impossible. However, the day before yesterday published the preliminary dennye from ADP. The data fell short of the most optimistic forecasts. These 1.5 better than expected - a lot. It is unlikely that this is a mistake in the calculations is big. Especially because 70% of the ADP data are confirmed by official statistics NFP! From which we can conclude that the probability of the dollar rate is very high.
However, the jump in prices should not be considered as a trend - Trump is not advantageous to have an expensive currency in the United States and long-term perspective, the index confirmed the dollar against a basket of 6 currencies: the dollar will fall in price.
What the trader? Catch the moment the dollar sale to buy it much later, at the best price. Bears waiting dollar peaks from bulls and both will drop as landslides. But it is already next week.
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