collapse

Author Topic: US NFP and Canadian Employment change  (Read 1515 times)

Offline simenkon

  • Newbie
  • *
  • Posts: 1
US NFP and Canadian Employment change
« on: October 05, 2018, 12:42:22 PM »
Hello to all the news traders out there! Soon the figures are released, just a little heads up to everybody.

Here are the market expectations:

https://groundfinance.com/nfp-ca-employment-5-october-2018/

If the NFP wage numbers surprise to the downside and Canadian employment is better than expected, it should be a pretty good opportunity to short USD/CAD? Considering also the fact that trade tensions are a bit lower now and crude oil prices are rising?

What are your thoughts on this matter? :-\

Offline Eliza Abrams

  • Sr. Member
  • ****
  • Posts: 1110
Re: US NFP and Canadian Employment change
« Reply #1 on: October 05, 2018, 01:35:58 PM »
Lately all the NFP does is cause a whipsaw.

Offline Humble Trader's Fx

  • Global Moderator
  • Sr. Member
  • *****
  • Posts: 1497
US NFP
« Reply #2 on: October 05, 2018, 04:03:10 PM »
Lately all the NFP does is cause a whipsaw.

Just an observation; in most part, the week of NFP, throws off most EA's into a loss on, "average".


Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.


Offline Eliza Abrams

  • Sr. Member
  • ****
  • Posts: 1110
Re: US NFP and Canadian Employment change
« Reply #3 on: October 07, 2018, 03:15:23 PM »
That's not surprising, the market tends to slow down a lot before the NFP.

Offline drunkfx

  • Sr. Member
  • ****
  • Posts: 687
Re: US NFP
« Reply #4 on: October 14, 2018, 04:36:50 PM »
Lately all the NFP does is cause a whipsaw.

Just an observation; in most part, the week of NFP, throws off most EA's into a loss on, "average".


Regards,
HumbleTrader

What's happened with your trading bro? Did you blow up your account, I see  -40% drawdown. Are you still in the trade?

Offline Humble Trader's Fx

  • Global Moderator
  • Sr. Member
  • *****
  • Posts: 1497
Re: US NFP
« Reply #5 on: October 14, 2018, 08:09:24 PM »
Lately all the NFP does is cause a whipsaw.

Just an observation; in most part, the week of NFP, throws off most EA's into a loss on, "average".


Regards,
HumbleTrader

What's happened with your trading bro? Did you blow up your account, I see  -40% drawdown. Are you still in the trade?

Hello  DrunkFx.

I guess you must have just gone sobber?  :D

These are "test accounts", which I set up for our members, using EA's which are volunteered to me by some vendors so we can test their utility. The one question (InvestfundEA, https://investfund-ea.com/arb-hedging-trading-investfund-ea/), sells for about 3500$-7500$, so you better get in line before it sells out; while you are sobber that is! ;)  :o

Regards,
HumbleTrader
« Last Edit: October 14, 2018, 08:12:39 PM by Humble Trader's Fx »
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.


Offline Hilapur

  • Jr. Member
  • **
  • Posts: 27
Re: US NFP and Canadian Employment change
« Reply #6 on: November 21, 2018, 10:04:00 AM »
That's not surprising, the market tends to slow down a lot before the NFP.These are "test accounts", which were set up for our members, using EA's which are volunteered to me by some vendors so we can test their utility. Anyways, thank you for writing an informative article.

Offline Umar

  • Jr. Member
  • **
  • Posts: 5
Re: US NFP and Canadian Employment change
« Reply #7 on: April 21, 2019, 06:16:38 PM »
It is great to see one fundamental trader on this forum. There are not so many these traders on the market. Why do you think that Canada would expose better than expected results? There must be other indicator to support such opinion like drop in wages

Offline drunkfx

  • Sr. Member
  • ****
  • Posts: 687
Re: US NFP and Canadian Employment change
« Reply #8 on: April 25, 2019, 07:44:59 PM »
Hello to all the news traders out there! Soon the figures are released, just a little heads up to everybody.

Here are the market expectations:

https://groundfinance.com/nfp-ca-employment-5-october-2018/

If the NFP wage numbers surprise to the downside and Canadian employment is better than expected, it should be a pretty good opportunity to short USD/CAD? Considering also the fact that trade tensions are a bit lower now and crude oil prices are rising?

What are your thoughts on this matter? :-\

Good trading opportunity I should say but price reacts different every time not only in terms of direction but volatility too. It all depends on magnitude of surprise and expectations sometimes surprises are priced in if there was enough data that predicted trend in the job market well.

 

browse forum