US Non-Farm Payrolls Set to Generate Heavy Volatility

Today's US Non-Farm Payrolls figure, widely considered the most significant economic indicator on the forex calendar, is set to generate heavy trading today. At the moment, analysts are predicting that the US added somewhere around 150K jobs in January. Should the final result come in below expectations the USD may come under renewed pressure to close out the week.

EUR Short Squeeze Presents Opportunities

As discussed in today's FOREXYARD Daily Analysis, overstretched market positioning has allowed for a bit of a EUR short squeeze on the back of a solid Spanish bond auction and strong US housing numbers. However, there are significant resistance barriers in the 1.3140 area.

Forex Blog by FOREXYARD

USD Rallies Following Non-Farm Payrolls

The USD posted gains across the board on Friday, following the release of a better than expected US Non-Farm Payrolls figure. The US added 243K jobs in January, a significantly better number than the forecasted 150K. The positive jobs report resulted in the US Unemployment Rate dropping 0.2% to 8.3%, its lowest level in three years.

Current Time: 02/04 02:32 GMT

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