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The US payrolls release carried added sensitivity to the market.

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FX has been the dominant force in this respect, with Fed rate hike expectations slowly eroded through the year, and USD sales gathering momentum in recent sessions. The USD index has been slammed though the December lows, but now finding some support above 97.0. Poised for further weakness, the lower 151k headline read in NFPs was largely offset by the fall in the unemployment rate to 4.9%, along with higher than expected earnings. USD/JPY tested sub 116.50 a number of times, but bounced

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