Today after the non-farm payrolls (NFP) news the US Dollar (USD) was mostly weak. Most of the movement in these pairs occurred ahead of or immediately after the NFP news driver at 8:30 EST. Since the major pairs moved after the news suddenly, it was not possible to enter new trades or intercept movements. For traders, if the USD pairs gap or move strongly after non-farm payrolls, profiting from the movements becomes difficult or not possible. But in many instances trading the USD pairs or other groups of pairs is possible with The Forex Heatmap®, pictured below.
Traders can monitor the forex economic calendar for volatile news drivers like non-farm-payrolls. When the news comes out, it can trigger strong movements that forex traders can profit from. The non-farm payrolls news report is released the first Friday of the month and is highly anticipated by currency traders. The NFP news announcement can cause strong movements in the USD pairs and any one of the 28 pairs we follow. We have a guide for how to trade non-farm payrolls on this blog, it shows you how to trade the USD pairs or any one of eight currencies or 28 pairs after the NFP news announcement. These same techniques for trade entry and management work after any forex economic news driver.