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Sterling shows mixed picture post US payrolls

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Payrolls propel USD beyond key resistance On Friday, the US payrolls were much stronger than expected. Payrolls increased by 271K, the highest monthly growth this year. Unemployment rate dropped to 5% and wage growth (2.5% Y/Y) accelerated. US bond yields jumped higher as markets embraced the scenario of a December rate hike. EUR/USD dropped from the 1.0870 area to the low 1.07 area, cruising through the 1.0809 support area. USD/JPY jumped decisively beyond the 122 area. EUR/USD closed the

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