How to Trade the Jobs Report
To start your new year off right, a key jobs report will land at the end of the week. Here's how to trade it.
"I see two scenarios" for the data, she says.
If nonfarm payrolls comes in lower than expected—or under 100,000 with a tick up in the unemployment figure—Bourdeau wants to sell the Australian dollar .
"It's a risk-averse trade. Aussie of very sensitive to the growth environment, and if it's slowing, Aussie's not going to do well," she told CNBC's Melissa Lee.
But Bourdeau is feeling optimistic, she says, and she expects the number to come in above the consensus forecast of roughly 148,000. So she recommends buying the dollar against the Swiss franc .
"With U.S. data strengthening, Swiss franc should weaken. There's not as much of a need for that safe haven."
Bourdeau wants to enter the trade at 0.9400 with a target of 1.0000 and a stop at 0.9240.
You can watch the discussion on this videotape, starting at 11:30.
Tune In: CNBC's "Money in Motion Currency Trading" airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Currency Terms. Top currency strategies are broken down for you in Currency Class.
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