December 7, 2018 (Friday) U.S. Employment Report Trade Report and This Week's Outlook
Good morning, everyone.
Sorry for the late blog update.
How was your weekend?
Also, thank you for trading this past week; how did your trading results look?
Today is about a thing the Flip Phone Trader is good at? and the beloved U.S. payroll data.
This time the U.S. payroll data was a no-trade.
Taking a day off is part of the market too.
Especially since last weekend there was the G20, and in the midst of the U.S.-China trade war, although tariffs were delayed for 90 days, risk-off from the arrest of Huawei’s VP, BREXIT-related matters, and other factors created a highly “information-sensitive market.” In such a market, trading on the payroll data event could be too pressure-filled for a profitable trade, so I chose not to trade.
This week, one focus will be whether the EU withdrawal agreement is approved by the UK Parliament. Also, the U.S. November CPI on Wednesday will be in focus.
Now, only a few hours remain until another enjoyable market week begins.
As we head toward Christmas holidays in Europe and America, and then year-end and New Year holidays in many parts of the world including Japan, followed by the Chinese New Year, liquidity in the markets will gradually diminish toward late December. With all that in mind, I hope to approach the market carefully, enjoyably, and thoughtfully.
＝＝＝＝＝＝＝Gara-Ke Trader (Hayato Igarashi)＝＝＝＝＝＝＝
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