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 Forex Analysis
02

Forex News Spike Trading Signal for November 2nd 2011 - US ADP


0815 US ADP Employment (100k expected, 91k prior, +38k to +150k range)


Last time a +16 deviation only caused a small spike when the news was released however the
USDJPY did continue a slow uptrend over the next 3-4 hours. Still this was a small deviation,
which we also had in September (-14) and August (+12). This one is best to spike trade with
a +/-70k deviation. You can trade other Yen Crosses and Stock Indices on this as well, they
will probably move more than the USDJPY.

If it comes out at +170k or higher, USD/JPY should rally 40 pips.
If it comes out at +30k or lower, USD/JPY should drop 40 pips.

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