Thread: Discuss all about FX open

US Dollar: Non-Farm Payrolls(NFPs) May Fall by the Most Since 1982

The US dollar continues to consolidate within wide ranges, but remains relatively strong across the majors. However, on Friday morning, US non-farm payrolls are anticipated to fall by a whopping 330,000, which would be the worst decline since 1982, while the unemployment rate is forecasted to reach a fresh 15-year high. Will this news trigger a sharp decline in the greenback, or will the forex market consolidation continue?

-24 forcast -32 do not know what the result will be

Hi Guys,

Our bleak outlook suggests that there is not much for this market to get its hopes up about in the risk appetite department and that the USD and JPY will break to the upside once again. Unfortunately, as we mentioned yesterday, the technical triggers are not yet there, but pressure seems to be mounting. Let's see EURUSD through 1.2560 to start and EURJPY through 116.50 again as two indicators suggesting that a new wave of the current trend is being set in motion. Around the edges of the market, we note with interest that the weak AUDUSD rally brought on by the short bout of risk appetite yesterday was pushed back sharply overnight. It feels like the next couple of days are a fulcrum that either launch into a strong new leg of USD and JPY rallying or the opposite. We're surprised to see AUD this high, is there more potential volatility in AUDUSD than is apparent from the recent action in that pair?

Regards

Seems E/U will turn to strong? I'm keep watching now...

It seems the movement of EU is unclear. And I will focus on the data from Britain to see the next movement of EU.

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U/J H4 Charting Analysis

short U/J 92.50
S/L 93.20 T/P 91.00

RISK YOURSELF

U/J H4 Charting Analysis

sell limit 93.40
S/L 94.00 T/P 91.00

RISK YOURSELF

U/CHF D1 Charting Analysis

sell 1.1970
sl1, 1.2020; sl2, 1.2090 T/P 1.1650

RISK YOURSELF

sell EU at 1.32, SL 1.3230, target 1.3165