From ECB to NFP

March 6, 2015

A bit of volatility in EURUSD during yesterday’s ECB press conference saw the rate recover to back above 1.1100 as Mario Draghi announced upgrades to growth forecasts for the Eurozone, but the gains were swiftly reversed as we now sit just above 1.1000. Although there was the odd brief visit below 1.1000 the fact that the euro didn’t fall out of bed shows that parity to the dollar, if it comes at all, may not be for a while. The short euro trade remains a very crowded one and so a snap back towards 1.1100 and beyond is possible, especially since ahead of the ECB meeting yesterday economic data had been showing signs that the worst looks to be over for the Eurozone. Next Monday’s commencement of QE comes at a time when the Eurozone is already turning a corner, so it is little wonder growth forecasts were upgraded and the euro is seeing a degree of support.

Today’s focus will shift to the US as we get the release of this month’s nonfarm payroll, expected to come in at 240k slightly down from last month and at the same time unemployment is due to decline from 5.7% to 5.6%. Again a key figure to watch is the average earnings which month on month is due to rise 0.2%. This data is likely to confirm whether the dollar continues to push on to fresh eleven year highs having just on Wednesday broken out beyond the recent highs that had kept its gains capped throughout February.

Publication source
FxPro information  FxPro reviews

October 26, 2016
Greenback is powered by Fed rate expectations
On Wednesday, the US dollar was backed by hopes that American interest rates will edge up by the year-end. It stood flat during Asia trade, just below a nine-month high reached overnight, while the Australian dollar earned as inflation data doused the probability of a rate drop there...
October 26, 2016
Rising rate hike odds push Dollar
The Greenback extended its rally to a nine-month high against other major peers against the rising bets of a FED tightening in December. As rumors are circling the next US leader saying that they will shift the stimulus burden from FED via changes in the fiscal policy...
October 26, 2016
Gold futures edged higher on Tuesday
The XAU/USD pair traded flat on Tuesday. The price remained between 1270 and 1260 dollars per ounce during the day. Gold prices struggled to find support around 1260. Sellers failed to break the level and the yellow metal bounced upwards and recovered to the upper boundary of the range... Rating
Fort Financial Services Rating
HotForex Rating
Tickmill Rating
Grand Capital Rating
FxPro Rating

Binary Brokerz Rating
Beeoptions Rating
OptionRally Rating
24option Rating
Banc De Binary Rating
Grand Option Rating