Markets tread water ahead of NFP

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Markets tread water ahead of NFP By Brenda Kelly The weaker dollar story continues today as traders trim US long positions ahead of the Non-Farm Payrolls data release this afternoon. Expected to print 190,000 jobs in January, a lot softer than the December number, there is a strong possibility that any miss on expectations will only push the dollar lower. Wage growth will be key with consensus looking for 0.3% gain m/m. Given the current backdrop and market volatility, it would take a fairly

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