NFP on Good Friday | What to expect?

"What to expect from NFP on Good Friday?

What is Good Friday? Good Friday is a federal holiday, which means that US equity and bond markets are closed. However, the futures market, as well as the forex market, is open. Good Friday is a rare occurrence, but it has happened in the past. The last three times it occurred were in 2021, 2015, and 2012.

Let's take a look at what happened to the price action on these past data releases when NFP came out.
EURUSD moved in 2021, 2015, and 2012.
https://www.tradingview.com/x/O9yLw4ke/


USDJPY moved in 2021, 2015, and 2012.
https://www.tradingview.com/x/nH3SsZkS/


This tells us that the move is comparatively smaller than on normal days' releases, and it has a lot to do with FED policy action. This time, the FED has given a hint of not increasing interest rates anymore.

The best decision here is to stand aside because the market is less volatile and may remain in a range for today.


Let us know what do you think of the idea