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European Session
No. of signal recommendations: 2
End-of-session results: EUR/USD (+20 pips) and USD/CHF (+10 pips)
Max potential: Over 40 pips
100-pip System
Dynamic entries: 2
Current risk Levels: 50, 42
Max profits:
EUR/USD +10
USD/CHF +10
Two setups this morning. Unfortunately, these NFP trades did not pay off this time round.
The payroll number was slightly better than expected. However, the primary reaction was mainly due to the jobless / unemployment rate which ticked up substantially. The market was expecting 5.1 percent and it came in at 5.5 percent. What caused the anomaly? Something fishy? Also not forgetting yesterday's Trichet unexpected comments which ultimately reversed the recent dollar advances. It was indeed a double whammy for the dollar.
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