Huge NFP beat.

Today's NFP data has surprised across the board, an extra 100,000 jobs added above forecast. Plus a lower unemployment rate than forecast, as US data once again confirms a solid economy and the likelihood of a 'soft landing'. All in all, the data has been received with positivity as good news remains good news.

I unfortunately missed the opportunity immediately after the event. And whilst, even now, it's tempting to jump on a 'risk on' trade into the market close. I'm going to stay patient and wait until Monday. And if nothing changes over the weekend, the question will be whether to long the USD or a commodity currency....I currently quite like the look of USD CHF.

For now, I'll wish you a pleasant weekend. Weekly review to follow (hopefully on Saturday).

Please feel free to email any questions or comment how your trading is going: johnelfedforexblog@gmail.com