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JamesThatcher

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About JamesThatcher

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  1. Today we got massive deviations across the three important data lines, Employment Change, Full Time, and Unemployment, all in the same direction, which gave us a nice move and the opportunity to bank a little profit! See Chart here: https://calendar.galaxysoftwareinc.com/#/chart;i=38168;t=2021-4-9 12:30:00.0;s=EURCAD;r=S30 See the video at : https://youtu.be/eu-iMvW33q4
  2. What does the data mean to the market? The total number of people employed/changed in the previous month. More employment is positive for the Cadanidan dollar and would create a buy of CAD pairs. Also, at the same time comes the unemployment rate, which has the reverse impact; a higher unemployment rate is negative for the Canadian Dollar. We need both to deviate in the same direction to create a trade. Today, it's nice to have one of these rare occurrences that don't come out with the highly anticipated NFP report. This data is Hot data, and we could get some pip's again today. H
  3. Gidencenti, I also post an after trade update, so you can see how it worked out on this occasion; there wasn't a trade for me. Thanks for your interest, keep following. James.
  4. HI gds221 Its very interesting no two days are ever the same. If your considering it make sure you are able to support yourself through tough times. Feel free to fire any questions at me if I an help. James
  5. We didn't see much of a deviation on this report. Oil price bounced up and backed down before finding a bearish direction for the rest of the trading session. This data did not shock the market, and I didn't take a trade. Unlike most of the data I trade, Crude Oil Inventories are weekly, so not long to wait until I get another shot at making some pips here. See Chart here: https://calendar.galaxysoftwareinc.com/#/chart;i=36450;t=2021-4-7 14:30:00.0;s=USDOIL;r=S10
  6. What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply which then affects the price. A Positive number is bad for the oil price. There is other oil data released the night before this report, API Weekly Crude Oil Stock, which the market looks for as an indicator of today's report, which can gauge how it will respond. There are two mainline of data to focus on. DOE Gasoline Inventories and DOE Crude Oil Inventories, the two
  7. This time we saw a massive +266 deviation on the headline, and we saw the USDJPY give a good spike up. However, it retraced hard, as we saw a conflict from Average Earnings of -0.2. So the US economy added many more jobs, but those jobs paid less, which is not good for inflation. In my initial plan, I highlighted a conflict of this nature can create a dangerous trading environment, which played out perfectly today. I did the right thing by standing by and not placing any trades. I made no profit from this today, but my capital is intact, ready for next month.
  8. What does the data mean to the market? The headline data of Non-Farm Payrolls (NFP) reflects the change in the number of people employed during the previous month. A higher number of people employed is good for the USD and would create a buy on USDJPY. Vice versa, a lower number would be bad for the USD and would generate a sell on USDJPY. NFP comes out with six lines of data which makes this report far more complex. The other two significant lines of data I watch are the Unemployment Rate and Average Earnings. The Unemployment Rate, a lower number, is good for the USD and would create a
  9. What does the data mean to the market? The data indicates the number of crude oil barrels held by commercial firms in the US; this inventory is taken weekly and indicates increases or decreases needed in supply which then affects the price. A Positive number is bad for the oil price. There is other oil data released the night before this report, API Weekly Crude Oil Stock, which the market looks for as an indicator of today's report, which can gauge how it will respond. There are two mainline of data to focus on. DOE Gasoline Inventories and DOE Crude Oil Inventories, t
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