Anyone have a crystal ball to read NFP data ?

US wages and jobs data your next risk at 12.30 GMT

Plenty of guesses and calculations but do you want to risk flipping a coin prior to the data release?

As always I'll say it's not wise. You could get lucky but equally come second to a release wide of the mark. Better to wait and trade the fact.

As always we should expect an initial algo headline-led reaction to the data if wide of the mark so be ready with your entry/exit levels from whichever side you want to play.

Placing limit orders in advance can often be useful given the occasional speed of moves and subsequent reversals, although equally it can be prudent to wait and manually trigger executions once you've sized up the data in its entirety and gauged the price action.

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