June 6, 2008

When experience matters

Change in payrolls was less than anticipated, -49k when the median forecast was -60k, but the unemployment headline looks shocking, jumped to 5.5%, well above 5.1% which was expected.

I see the data mixed (to me). I have no idea or experience about the possible reaction. It is the first time that I see a significant gap between the two numbers, so I prefer to stay in sideline.

I closed my position (short on usdjpy), at 105.78, taking just 29 pips profit. It is Friday and I have no plan for another trade.

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