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Trading The US Non-Farm Payrolls Day and Currency Strength and Weakness for Friday 2nd August 2013

BY , , , , ,

Hi Traders, 

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. 

The monthly US Non-Farm Payroll announcement are released later today – at 8:30am EST (Friday) so be careful with any open trades around that time.

Overall there is strength in the USD with some strength in the EUR, GBP, AUD and CAD.

Overall there is weakness in the JPY, CHF and NZD.

Trading Directions I am favouring for the next 24 hours


Sell Trades – NZD/USD

VERY IMPORTANT: These are not specific trades. Do not blindly place trades in the directions given below. 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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Have a fantastic weekend.

– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator