04-06-2007, 12:46 PM
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Freshman
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Join Date: Aug 2005
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Quote:
Originally Posted by et_phonehome_2
OK, NFP for April 6th is coming out soon. From the Economic Forecast here, it say the direction is up for EURUSD - I guess that means long. From what I am reading elsewhere, they expect NFP to be very healthy, so wouldn't one want to short EURUSD instead?
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Here is a qoute that was posted yesterday....
.... There could be a big move if there is a large deviation from the expected figures. A number of above 150-155K could result in a EUR-USD move below 1.3320, while a NFP Figure below 100K could result in a EUR-USD move above 1.3450, with moves on both sides exaggerated by low liquidity. OR, it could also be that there won’t be any movement at all!
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