It is my understanding that the non-farm payroll report is a large momentum indicator report. I am still learning the forex market and how various reports affect the movement. My question is (a) how does this report directly affect the market and (b) in the forecast for the upcoming report, it shows forecast as prior - 243k and forecast - 190k. What are these numbers listed as? Does a lower number mean possible swing long or short for eur/usd?
- | Joined Jan 2006 | Status: Hello, I'm Johnny Cash | 103 Posts
I keep a close watch on this chart of mine...