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EUR/USD Forecast: get ready for Nonfarm Payrolls

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 5, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair trades uneventfully around 1.1200, as the market waits for the US Nonfarm Payroll report. The pair holds around the high posted at 1.1238 on Thursday, its highest since last October. The American dollar got smashed this week, when a series of bad news, added to previous speculation that the US growth was slowing ever since late 2015. Today's release is expected to show that the US economy have added 190K new jobs in January, compared to the 292K added in December.

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