Dear trader. We at Trader711 wanted to remind you that tonight at 20:30pm (China Time) theAmerican NFP and the Unemployment Rate, 2 major economic data, will be released so Be Ready To Trade! The upcoming NFP announcement is expected to be on 165K. If it gets to more than 180K it is considered a very positive thing for the USD. Any Number below 150K is considered negative and will have negative impact on the USD. The Unemployment Rate that will be announced at the same time is expected to be at 7.5%, any number below 7.5% will be considered as a positive thing to the USD. Any number higher than 7.5% will be considered negative.
In order to maximize your profit today we suggest one of the two strategies:
1. Consult with our Analyst and open trades 5-15 minutes before the data is released especially on assets which will be directly affected by the release of the data (Nasdaq, Euro/USD, GBP/USD GOLD etc……..). 2. Sit on the fence recognize the results and follow the trend (It always sends the markets climbing or sliding in one direction). We highly suggest following other traders via our social trading tools. In case you didn’t try it yet, it’s time to enter your account and follow other professional traders for free. 3. A. Buy CALL options on USD/JPY or USD/CHF in case the news are good, or PUT on EUR/USD GBP/USD or GOLD. B. In case the data is less than expected (negative) we recommend on buying Calloptions on EUR/USD, GBP/USD or Gold and/or Put options on USD/JPY, USD/CHF.
Why is the Non-Farm Payrolls so important this time? Ben Bernanke (american federal bank chairman) confirmed the current Quantitative Easing (QE) will be reduced if economic figures continue to improve. If the NFP beats expectations we will see great volatility in all FX pairs including gold and the leading indices. We expect the effects of the NFP to last for several hours, which may provideMANY opportunities in the binary options market. In the Forex and binary markets, most traders focus on USD/JPY ,EUR/USD and Gold. You should follow their moves on the social chart and trade smartly. .So all you need to do is just to be ready to trade at 1:30GMT today. Please make sure your available funds are sufficient to allow a a meaningful profit. Our VIP traders are allowed to special deposit bonus before the news.