Non-Farm Payroll is a force to be reckon with...

The day is finally here where the last piece of puzzle fits in place and lets us have a clear picture of what's the Fed going to decide on next Tuesday regarding the interest rates. Futures traders are now placing only 20% that the Fed will raise interest rates dismissing the economic growth and fight inflation now rather than let it grow. Well, I'm with the other 80% says that the Fed will stop.

The crucial data today, Non Farm Payroll indicating only 113,000 new jobs last month, fewer than expected, and this pushed the jobless rate up to 4.8% from the 4.6% reported in June. Experts believe the economy has shifted down a gear after a strong first quarter, with house sales cooling. This has caused the dollar dropped to a two-month low against the euro and fell versus the yen. My trade is now profitable and I took another trade at 1.2906 with 868 units. I'm looking forward Euro to consolidates at 1.29 zone on Monday and a pause on Tuesday will bring Euro to AT LEAST 1.30.

Things are pretty cool now as my estimated profit this week has gained to at least 250 pips profit. These numbers are gathered on different trades. Gold prices are increasing again and chances are it going up again is high if the Fed is pausing interest rates. I'm expecting gold to reach 670 on Tuesday when the Fed is expected to pause. Forex is great!