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EUR/USD Forecast: it's all about Payrolls

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 4, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The EUR/USD pair eased some from the high set late Thursday at 1.0972, but the dollar maintains the weak tone ahead of the release of the Nonfarm Payroll report. Market is expecting the US economy to have added 190K new jobs in February, while the unemployment rate is expected to remain at 4.9%, its lowest since 2008. However, an up-tick in weekly unemployment claims and a drop in the ISM PMI employment sub-index, suggest the number may disappoint, both behind yesterday's sharp decline

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