Honi

I'm currently in a good trend with the EUR/USD and have not closed out this trade yet. Because I pulled out some money to pay off some bills I must leverage a little less. I may just snatch this profit out too

Metatrade 5 is coming out sometime in the future and I'm beta testing it now on a demo. Bad thing is all my little indicators I received will not work so I probably will not switch until I figure something out.

Non-farm payroll is on the economic calendar for Friday. Here is a little more info about it.

What is the NFP report?

Of all the world monthly economic reports, the monthly U.S. Non Farm Report (NFP) is the most highly anticipated and has the most dramatic impact on the currency market.

The report, which is released on the first Friday of each month and states the previous month's numbers, provides detailed industry data on employment, hours and earnings of workers on nonfarm payrolls. These numbers are the best way to gauge the current state of the US market as well as the direction that the economy is heading.

What's more, the employment numbers provided by the report are used by the Fed to shape their interest rate policies. The health of the U.S. economy and interest rates translate to the strength or weakness of the U.S. dollar.

Ladies.....there could be significant price volatility with this announcement. Currency spreads will typically widen just before the release and will remain wide for a few minutes after. If the announcement is a shock to the consensus estimate, the price of the currency pair could gap significantly so be careful.