Market movers today
Friday, March 7, 2014
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Market movers today :
The main release today is US non-farm payrolls. i look for a rise of 128,000 - 135,000 but the estimate is extra uncertain currently due to the weather effect. Data has generally been soft recently which points to a weak number. But on the other hand the starting point is already low from January’s payrolls and it could give some payback effect in February. The unemployment rate is expected to be unchanged at 6.6%.
FX markets :
FX markets will digest the hawkish statement from the ECB yesterday. We have already seen a broad appreciation of the euro – in particular EUR/USD has moved above 1.38 for the first time since December, Yesterday i booked all my profits on $EURUSD (read more about my last trade here http://www.aymankhlifat.com/2014/02/eurusd-weekly-closing-above-sma-20.html ) and now i am looking to another trade soon.
Market movers today :
The main release today is US non-farm payrolls. i look for a rise of 128,000 - 135,000 but the estimate is extra uncertain currently due to the weather effect. Data has generally been soft recently which points to a weak number. But on the other hand the starting point is already low from January’s payrolls and it could give some payback effect in February. The unemployment rate is expected to be unchanged at 6.6%.
FX markets :
FX markets will digest the hawkish statement from the ECB yesterday. We have already seen a broad appreciation of the euro – in particular EUR/USD has moved above 1.38 for the first time since December, Yesterday i booked all my profits on $EURUSD (read more about my last trade here http://www.aymankhlifat.com/2014/02/eurusd-weekly-closing-above-sma-20.html ) and now i am looking to another trade soon.
To check the full forex performance results for the period 1/1/2013 - 28/2/2014 ( 14 Months ).
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Ayman Khlifat on Twitter : @Aymankkhlifat
