Non-Farm Employment Change is Today – Currency Strength and Weakness for Thursday 3rd July 2014
Hi Forex Trader,
I make my suggestions every day based on where I see the market heading over the next 24 hours. Use my analysis below to aid your trading and to help you keep on the right side of the market.
My suggestions are posted by 6pm EST each day.
Remember that we have the US Non-Farm Employment change announcement out of the US at 8:30am EST. This is a day earlier than usual due to the public holiday in the US on Friday. Be careful with any open trades around that time.
Overall there is strength in the GBP, NZD and USD.
Overall there is weakness in the AUD, CAD and JPY.
Trading Directions I am favouring for the next 24 hours
Buy Trades – GBP/AUD, GBP/CAD, NZD/CAD, USD/JPY
Sell Trades – AUD/NZD, EUR/GBP
VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given above. Use your own trading strategy and look at taking setups that occur in the same direction as my daily analysis. If you don't have your own trading strategy then email me here for help.
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– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator