EURUSD surges after weaker US employment report

Discussion in 'Technical Analysis' started by ForexLive, Oct 2, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Job growth not so hot The job gains were certainly not great at 142K and net rev of -59K (mkt was expecting a rev up). The Unemployment rate comes in a 5.1% unchanged. The earnings were not good at 0.0 MoM. The partcipation rate fell which helped the unemployment rate remain unchanged. The dollar is falling. Is it a one time aberration? If it is we will have to wait for the truth to come out. The Fed will have a lot of explaining to do if last month was a no go, but October is a go. So no Fed in October. December is a ? too now. The S&P futures moved to 1901 soon after the news.

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