8:30 AM EDT
US Non-Farm Employment Change
History certainly doesn’t matter here. The forecast is for 21,400,000 lost jobs and the unemployment rate jumping from 4.4% to 16%. Like last month this could be off by millions and it won’t matter.
Notably the stock market is pushing back up pretty aggressively, indicating the big money is much less worried about all this than they were a month ago. I’m hoping the Forex market follows suit in the coming weeks, but no confidence when that will happen.
Obviously these are highly risky trades.
SETTINGS: Set buy/sellPips to maybe 12 or so and get out if you aren’t live within a couple seconds.
CAD Employment Change
The forecast here is 4,125,000 lost jobs and an unemployment rate that jumps from 7.8 to 20%. This could also be off by millions and not even move the needle. Highly risky.
SETTINGS: Set buy/sellPips 12 to 15 and get out if you are not live within a couple seconds. Even if you are live get out fast.