GBP/USD Forex Day Trading Signal – April 3

Since we are going to have an active news day I will not be posting the day trading signal.  GBP Services PMI comes out at 8:30 GMT, followed by employment data (non-farm payroll) at 12:30 GMT out of the US.

I have recently published an article on trading the Non-Farm Payroll Report.  That article can be accessed here:

http://www.investopedia.com/contributors/default.aspx?id=335

Use caution when trading news events, and never trade without a reasonable stop in place.  Do not try to  predict the movement, instead allow for the volatility to subside and wait for an opportunity to enter once an actual direction in the market has been established.  This article outlines one way to do it.

~Cory Mitchell
Market Strategist
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