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EUR/USD volatility trading before NFP

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 2, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    The US Dollar extended its rally against the Euro yesterday after stronger than expected ISM Manufacturing data. This data is an indicator of economic activity; the forecast had been for 48.5 while the actual number was 49.5. To add to the bullish cause for the US Dollar the Euro area Consumer Price Index, a measure of inflationary pressure, was released Monday morning at -0.2%, which was lower than expected at 0.0% and lower still than last month’s data at 0.3%. The reduced inflationary

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