This is my second attempt at trying to understand if there is any trade-able longer term effect of the Non Farm Payroll data release. I couldn't see much on my previous chart based on the Dollar Index (www.tradingview.com/v/baiMVbkc/).
This time round I would consider the idea that good or bad news during an uptrend or downtrend can change the trend for a few days following that NFP data release.
I would probably also suggest that the dollar index is susceptible to so many more factors than the S&P500. The S&P500 is simply a measure of how well the top companies in America are doing and if those companies are creating more or less jobs than expected then I guess this could cause investors to pull out or pile in based on the NFP data release.
This time round I would consider the idea that good or bad news during an uptrend or downtrend can change the trend for a few days following that NFP data release.
I would probably also suggest that the dollar index is susceptible to so many more factors than the S&P500. The S&P500 is simply a measure of how well the top companies in America are doing and if those companies are creating more or less jobs than expected then I guess this could cause investors to pull out or pile in based on the NFP data release.