Tamar's Market Outlook Ahead of Nonfarm Payrolls

With Nonfarm Payroll figures out this Friday, Tamar Mehr takes a look through the forex market to see what kind of situations might play out. The Nonfarm Payroll figure shows the change in the number of employed people in the United States during the month excluding the farming industry. The figures are released on the first Friday of each month and they give an indication of the health of the economy and act as a leading indicator to consumer spending. Generally Nonfarm Payroll figures create allot of volatility in the markets so as traders we need to adjust our risk accordingly.

Tamar takes a detailed look into the higher timeframe situations on EURUSD, USDCAD, GBPUSD and USDSGD so make sure you check out her full analysis in the video below.   

NB: For the highest quality viewing click on the wheel in the bottom right hand corner of the video and select 720p.  This will dramatically increase the video image from the default setting.