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I wish I could tell you which way the dollar was going to move this week, but I can tell you two things that are certain to happen on Friday:  the Fed will announce the April Non-Farm Payrolls number and Currensee will present a live trading webinar featuring trader Alex Kazmarck of SpotEuro.  The Fed drops the number at 8:30 Washington time and the webinar starts half an hour before at 8:00am sharp, US Eastern time.

As before, the webinar is free for Currensee members.  It’s $9.95 for the general public, and readers of this here blog get $5 off at this special link.  We hope you can join us. Space is limited.

The consensus forecast as of this writing is for net gain of 197k jobs, the biggest gain in quite some time, but the consensus has been wide of the mark in the past.  The January number, announced in early February, was forecast for a gain of 10k, announced at a loss of 20k and later revised downward to a total loss of 26k jobs.  Last month the forecast called for a gain of 185k but only 162k materialized.  The Good Friday holiday and a UK bank holiday muted the market’s reaction, but there are no such obstacles this month.

The EUR/USD has been on a downswing lately with the Greek kerfuffle and whatnot, and strength in the US employment picture traditionally points to weakness in the pair, but good news that’s not good enough can have the same effect as bad news.  Join us Friday morning and watch a pro trader set up for the announcement and follow the trading action live.

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results.

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Be sure to read the full risk disclosure before trading Forex. Please note that Forex trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved before trading. Performance, strategies and charts shown are not necessarily predictive of any particular result. And, as always, past performance is no indication of future results. Investor returns may vary from Trade Leader returns based on slippage, fees, broker spreads, volatility or other market conditions.