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The NFP is scheduled to be released today, and I plan to trade separately from Iran and Israel. It's a good trading event. The plan is as follows: = I'm going long unless the index plunges. The premise is that I already thought the bottom was reached before the last vacation, and I believe the bottom has already been reached after returning from vacation. So, I think the move to confirm the bottom will likely be determined in this NFP. This is because there will be no FOMC meeting in March after this one, so there won't be any significant changes until the April FOMC meeting. The data coming out today will follow up on delayed data, and since the last FOMC meeting didn't reflect the previous data, today's data will be crucial for reflecting this FOMC meeting. Interpretation 1. If the numbers are inline, the index won't fall, so I'll re-enter the long position, but with a tight stance (due to concerns about Iran and Israel). 2. If the payroll figure is very high, there's little room for additional rate cuts, but since most of it has already been reflected in the market, the market impact will be limited. Therefore, the US stock market won't fall, and cryptocurrencies will remain stable. However, in this case, the CPI will remain high. Its importance will increase, and concerns about inflation will rise, but ultimately, as we see data reflecting the interest rate cut, it will flow without a major shock. Similarly, a long entry. 3. If it's very low, it could signal the possibility of additional cuts and cause a significant market movement. However, for that to happen, it needs to be very low. In the short term, there will likely be a selloff. If this doesn't happen in the short term, enter a long position. If there is a selloff, wait a little longer and enter. Today's action plan ends :D

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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