Non-Farm Employment Change

non-farm-unemployment.jpg

Technical Analysis Daily Majors & Minors

  • EUR/USD – has brocken is 9.5year low. But how will it fall further following non farm results?

  • GBP/USD - Despite initial retreat from NY high of 1.5118 to 1.5078 in Australia, cable rebounded to 1.5104 on dovish remarks by Minneapolis Fed President Narayana Kocherlakota, its was a surprise dlr fell broadly on his comments since he is not a voting member of the 2015 FOMC and has announced plans to resign by early next year. Will we see a further decline in this pair?

Daily update

  • Asian stocks gained on Friday on upbeat expectations for the closely-watched U.S. jobs data, while the euro continued to flirt with fresh nine-year lows against the dollar.

  • The beleaguered supermarket Tesco has said it will close 43 unprofitable stores across the UK - more than half of which will be local convenience shops, known as Tesco Express.

  • The euro wallowed near a nine-year low on Friday on growing expectations the European Central Bank will embark on quantitative easing, while the dollar held firm before U.S. jobs data that could cement the case for a rate hike by the Federal Reserve.

Daily News To Watch

Friday, 9th January 2015 Previous Forecast Actual

13:30pm Non-Farm Employment Change 321k 241k

Happy Trading

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