FOREXYARD: Forex News Blog | |
| Posted: 03 Aug 2012 01:50 AM PDT
After falling more than 150 pips against the US dollar yesterday, the euro staged a mild upward correction during the overnight session. The common currency fell across the board yesterday, after the ECB refrained from announcing any new initiatives to lower borrowing costs in Spain and Italy. The EUR/USD is currently trading at the 1.2200 level, up from 1.2165 last night. Crude oil also advanced close to $1 a barrel during the Asian session and is currently trading just above the $88 level. Main News for Today US Non-Farm Payrolls- 12:30 GMT Read more forex news on our forex blog |
| Will The Non-Farm Payrolls Signal a Further Decline in the US Economy? Posted: 03 Aug 2012 12:24 AM PDT
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to pay careful attention to the US Non-Farm Payrolls figure, set to be released today, August 3rd at 12:30 GMT. As can be seen in the chart below, the safe-haven US dollar received a boost following last month's disappointing Non-Farm Payrolls figure. Don't miss out on another opportunity to capitalize on market volatility! The Non-Farm Payrolls figure is widely considered the most important event on the forex calendar, and consistently leads to significant activity in the marketplace. If the indicator comes in below the forecasted 101K, investor worries regarding the slow pace of the global economic recovery may go up, which could lead to gains for safe-haven currencies like the USD. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don't miss out! Read more forex news on our forex blog |
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