Debriefing Thurs 4th Jan 2023 & Today’s Prep-NFP DAY

Debriefing Thurs 4th Jan 2023 & Today’s Prep-NFP DAY

January 6, 2023 0 By The Balanced Trader

Links and News

Weekly Analysis Live on YouTube Twitter

Need to know market risk @ FinancialJuice.com

Muted moves into NFP with the exception of DXY, which seems to be running ahead of the data following Wednesday’s FOMC minutes that showed a stern commitment to continue on a higher for the longer path by the FED. Data from Europe supports the narrative that peak inflation may have passed, with the exception of core inflation that actually jumped. Probably not enough just yet to see Christine Lagarde change course.

Warmer-than-expected weather for the time of year limiting energy demand, Nat gas continues to fall. Thank God it cost me almost $50 a day to fuel my home over Xmas.

Today’s focus will be on December payroll numbers.

Today’s Data

Real Time Economic Calendar provided by Investing.com UK.
Yesterday’s Profile review AND today’s plan
Focusing on Thursday’s Island balance extremes 3854 and 3822.5. We should see a decent move-See NFP stats.

ON Update- Range bound trading into the data.

Yesterday’s PA review
Cum delta is working well. Volumes dried up fast after the first hour of trade into FED Bullard comments that failed to stimulate the auction out of balance.

Update and Friday’s Plan: THIS WILL NOT BE UPDATED AND NO PLAN GIVEN EXPECTED VOLATILITY. 50 POINTS of range are expected in the first 5s, and I have no idea where we are going.

HISTORICAL RANGE BEFORE AND AFTER RELEASE
PAST NFP DAY STATS

Opening Bell

0830CT

LIVE Journal

Notable tweets

Quote Of the Day

Know thy self, know thy enemy. A thousand battles, a thousand victories. –Sun Tzu

Trade Well And Prosper.

BT