Preparing for the NFP Release: What I’m Watching Today!

We’re just one day away from the Non-Farm Payroll (NFP) release, and that’s what’s really moving the market right now.

Over the past couple of days, the market has been relatively quiet with low volatility. But I expect that to change drastically starting tomorrow morning, especially with the NFP release. If you tuned into yesterday’s strategy webinar, you know we placed live trades on NZD/USD and USD/JPY. And guess what? Both trades are in profit! If you missed it, head over to the channel, watch the replay, and make sure you’re registered for the next webinar next Wednesday. The registration link is in the Telegram group, so join now to stay updated.

Here’s what I think: We’re likely to see a much higher NFP number, potentially between 180,000 and 200,000. However, the unemployment rate might continue to rise gradually, reflecting the recent uptick in jobless claims. If that happens, we could see a mixed impact on the U.S. dollar.

For those unfamiliar with trading the NFP, check out our playlist where I explain my NFP trading strategy in detail. I typically wait for the data to be released before taking a position. If the report supports a bullish outlook, I’ll go long on the U.S. dollar. Right now, I’m optimistic about the dollar, especially considering how weak the data has been from other major economies like Canada, Australia, and New Zealand.

Lastly, don’t forget—we have another webinar today from 5 to 6 p.m. where we’ll dive deeper into how to trade tomorrow’s NFP release. If you’re not part of our Telegram group yet, the link is in the description. Join us and be ready to trade live with me.  

Register here for the next webinar: https://acy.com/en/education/webinars/

Join Luca's Telegram Trading Feed: https://t.me/+bkfmaA76P2VlMTQ1

Free Trading eBook Series: https://acy.com/en/education/ebook/

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