CryptoTamer
Tue Jul 23 2024
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5 answers
734
Which pair is best to trade NFP?
Could you please elaborate on which pair would be the most optimal choice for trading the Non-Farm Payrolls (NFP) data release? Given the market's sensitivity to this economic indicator, it's crucial to select a currency pair that tends to exhibit significant volatility during and after the NFP announcement. Are there any particular pairs known for their high correlation with the US dollar's strength or weakness, which could potentially offer better trading opportunities? Additionally, what factors should traders consider when deciding on a pair for trading NFP, such as liquidity, volatility, and the potential for breakouts or reversals?
