US Non-Farm Employment Change News Release Today – Currency Strength and Weakness for Friday 6th June 2014
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.
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My suggestions are posted by 6pm EST each day.
Today we have the June release of the US Non-Farm Employment data (at 8:30am EST Friday).
Be careful with any open trades around that time.
Overall there is strength in the NZD, AUD and CHF.
Overall there is weakness in the USD, CAD and JPY.
Trading Directions I am favouring for the next 24 hours
Buy Trades – NZD/USD, NZD/CAD, AUD/USD, AUD/JPY, AUD/CAD, CHF/JPY, GBP/USD
Sell Trades – USD/JPY, USD/CHF, CAD/CHF
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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Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator