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We have been waiting all week to finally see Friday’s Non-Farm Payroll report, and tomorrow we have the biggest news event of the month at 8:30am EST in the United States.
There are two (2) important things to keep in mind this evening and tomorrow morning as we trade the Non-Farm Payroll report.
First, be careful before the report is release. We are going to see very low volume, and tight trading-ranges ahead of tomorrow’s 8:30am EST release of the Non-Farm Payroll report. It is not recommended to be looking for any trends or breakouts. If anything, the only trading opportunities we will get are price-reversals.
Second, after the news is released it may be very quiet, or it may be extremely volatile. We have been hearing about this news report for the last 10 days, so we know that EVERYONE has been aware of the analyst’s expectations, which means that today’s current prices in the stock & commodities markets have already ‘priced in the news’ ahead of the actual report tomorrow.