NFP on Good Friday | What to expect?
"What to expect from NFP on Good Friday?
What is Good Friday? Good Friday is a federal holiday, which means that US equity and bond markets are closed. However, the futures market, as well as the forex market, is open. Good Friday is a rare occurrence, but it has happened in the past. The last three times it occurred were in 2021, 2015, and 2012.
Let's take a look at what happened to the price action on these past data releases when NFP came out.
EURUSD moved in 2021, 2015, and 2012.
https://www.tradingview.com/x/O9yLw4ke/
USDJPY moved in 2021, 2015, and 2012.
https://www.tradingview.com/x/nH3SsZkS/
This tells us that the move is comparatively smaller than on normal days' releases, and it has a lot to do with FED policy action. This time, the FED has given a hint of not increasing interest rates anymore.
The best decision here is to stand aside because the market is less volatile and may remain in a range for today.
Let us know what do you think of the idea
What is Good Friday? Good Friday is a federal holiday, which means that US equity and bond markets are closed. However, the futures market, as well as the forex market, is open. Good Friday is a rare occurrence, but it has happened in the past. The last three times it occurred were in 2021, 2015, and 2012.
Let's take a look at what happened to the price action on these past data releases when NFP came out.
EURUSD moved in 2021, 2015, and 2012.
https://www.tradingview.com/x/O9yLw4ke/
USDJPY moved in 2021, 2015, and 2012.
https://www.tradingview.com/x/nH3SsZkS/
This tells us that the move is comparatively smaller than on normal days' releases, and it has a lot to do with FED policy action. This time, the FED has given a hint of not increasing interest rates anymore.
The best decision here is to stand aside because the market is less volatile and may remain in a range for today.
Let us know what do you think of the idea
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