IntraDay Update
NFP beats and risk off for now
Its been awhile since we gave an intra day update, but considering NFP day and current market moves we do have a few items to highlight. First up the NFP came in higher than expected and obviously traders will take any good news economically as bad news for asset prices because of rate hikes. We know this is how trading mentality works right now and thus, you should know, not to fight it. We are in a:
GOOD NEWS IS BAD NEWS FOR PRICES TRADING MENTALITY
Keep reading with a 7-day free trial
Subscribe to Magnelibra Trading & Research to keep reading this post and get 7 days of free access to the full post archives.