US Non Farm Employment Data – Currency Strength and Weakness for Friday 5th December 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.
Today (8:30am EST Friday, New York time) we have the US Non-Farm Employment data release so be very careful with any open trades around that time.
Overall there is strength in the CHF, EUR and NZD.
Overall there is weakness in the AUD, CAD and GBP.
Trading Directions I am favouring for the next 24 hours
Buy Trades – EUR/GBP, EUR/AUD, CHF/JPY
Sell Trades – GBP/CHF, AUD/NZD, AUD/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.
Have a fantastic weekend.
– Andrew Mitchem
The Forex Trading Coach
Professional Forex Trader and Educator