US Jobs Data later today – Currency Strength and Weakness for Friday 3rd October 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.
Remember that today (at 8:30am EST Friday) we have the monthly US jobs data release so be careful with any open trades around that time.
Overall there is strength in the NZD and AUD.
Overall there is weakness in the GBP, CAD and USD.
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/USD, EUR/GBP, NZD/USD, NZD/CAD, NZD/CHF, AUD/USD, AUD/CAD
Sell Trades – GBP/JPY, GBP/AUD, GBP/NZD
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.
A free copy of my Forex journey “From Dairy Farmer to Forex Trader” is available on video, mp3 or PDF file by clicking here
Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator