Hello Everyone..............
From the IRIS FX E-Mail in Asian Session 10/6 11:43PM EST........
Quote:
Hello Everyone...10/6..11:43 PM EST...Asian Session........
Non-Farm Payrolls is the big news for Friday with multi-year lows on a Daily selloff in USD prior to NFP to retrace to 618Fib Support of this USD North leg...interesting on the Weekly jobless today with an increase of only 21k from last weeks revised 369k to this weeks 390k which may spell a weaker than expected number in NFP later today as the increase from the hurricanes has not shown significantly. I'm looking for 143k or lower from the forecasted 170k as I believe the numbers would have been increased in today's report. All our Positions are activated in our Entry Zones as a volitility push had a challenge to our Stops before Reversing back inside our Entry Zones and ready for breaks further into Profit. We will watch how Asian/London Sessions react to USD as it is firmer in Asian Session leading upto NFP as the Market is making the same assessment on the above Weekly/NFP differentials along with the continued FED hikes and a US 3.5% growth factor. Oil is lower at $62BL and USD at a 618 retrace of this current leg...between the Fundy/Technical outlook the USD Bulls look ready to run today from NFP...for which we are well Positioned.
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The USDollar Index Bulls Exited Long Positions to a 618Fib Support to Buy the Market pre-NFP...as the "News" was forecasting -170K...for which early indications in Weekly Jobless Data yesterday contradicted NFP forecasts...thus -35K...and the USDollar Index Bulls ran.
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