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- W2912447605 abstract "This chapter provides strategies for evaluating and trading the nonfarm payroll (NFP) data release. The NFP report is considered the key economic data release in the world. Trading the binary options on event data releases presents a unique set of challenges to the trader as well as the market maker. The chapter focuses on analyzing the NFP data and getting a grip on direction. It is important to note that one can trade the NFP report by trading binaries on the EUR/USD, USD/JPY, and the S&P 500. These markets will likely react and move big with the NFP results. The trader needs to choose an expiration that allows the trade to benefit from the momentum of the market. The chapter considers event risks as triggered by political and market-driven events. The process of analysis is important, but the probability of success also depends upon timing decisions." @default.
- W2912447605 created "2019-02-21" @default.
- W2912447605 creator A5033685220 @default.
- W2912447605 date "2016-07-16" @default.
- W2912447605 modified "2023-09-23" @default.
- W2912447605 title "Analyzing NFP Data for Binary Trading" @default.
- W2912447605 doi "https://doi.org/10.1002/9781119270027.ch8" @default.
- W2912447605 hasPublicationYear "2016" @default.
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