Coming up at the bottom of the hour: US Non Farm Payroll and other employment data
US data risk at 13.30 GMT 2 Feb
Yes folks, your next keenly awaited/over-hyped data risk due shortly but I do believe that it carries less weight nowadays as indeed much of the data does with emphasis on politics and trade. In the data coming up I’d say wages more important than jobs still.
As I always say though we can expect an initial algo headline-led reaction if wide of the mark so be ready with your entry/exit levels from whichever side you want to play.
Placing limit orders in advance can often be useful given the occasional speed of moves and subsequent reversals, although equally it can be prudent to wait and manually trigger executions once you’ve sized up the data in its entirety and gauged the price action.
Large EURUSD option interest 1.2500 and 1.2525 to keep in mind to and might limit any gains on softer data.
Expectations:
Eamonn had some previews
here
here
Remember,
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