It’s U.S. nonfarm payrolls day today and it could be somewhat complicate to predict in which direction the U.S. dollar will head. Should the jobs data come in significantly better than expected, the Fed will most likely stick to its higher terminal rate pledge. If payrolls are modestly weaker than expected, the market may not move much as this is what is already priced in with expectations for a lower peak rate and a 50bp rate hike this month. If jobs figures are sharply worse, recession fears and risk aversion will direct the market’s action.

Subscribers know how we trade the NFP data today due at 13:30 UTC.

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Have a wonderful weekend!

Our trading ideas for today 2/12/22:


Long @ 1.0560

Short @ 1.0520


Long @ 1.2285

Short @ 1.2190

DAX® (GER40)

Long @ 14490

Short @ 14420


Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.

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