The Forex market continues ahead of non-farm payrolls. The New Zealand dollar has demonstrated signs of life during today’s trading session, which has mainly been gloomy. Given that much of the world is celebrating various holidays, the lack of trading activity could be more surprising.
The European schedule has been relatively calm, and strangely, the employment report is released when most markets are closed. Futures contracts will continue to trade shortly following the NFP report. The foreign exchange market will remain open during the holidays; however, bond trading will be suspended entirely.
The overall conclusion from Greg’s prior discussion, in which he cited recent instances of non-farm payrolls being reported on Good Friday, is that markets had time to digest the information and were muted by Monday.
In addition to that, there is a preview of my non-farm payrolls. I would avoid trading this one in a light market because I don’t think even a solid or fragile number can be a genuine game-changer. I also wouldn’t change it if the market were active.