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| US Non-Farm Payrolls Set to Create Heavy Market Volatility Posted: 05 Oct 2012 02:49 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 Employment Change, set to be released today, October 5th at 12:30 GMT. The Non-Farm indicator is widely considered to be the most significant event on the forex calendar and consistently leads to market volatility. As can be seen in the chart below, last month's worse than expected figure resulted in the US dollar tumbling against the Japanese yen.
Don't miss out on another opportunity to capitalize on market volatility! Today’s news is forecasted to come in at 115K, significantly higher than last month's 96K. If the indicator comes in above expectations, optimism in the US economic recovery could lead to risk taking, which may help higher-yielding currencies like the EUR and AUD. 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 |
| Posted: 05 Oct 2012 02:47 AM PDT
The markets saw relatively little movement during Asian trading last night, as investors were hesitant to open new positions ahead of today's all-important US Non-Farm Payrolls figure. The EUR/USD remained close to a 2-week high for most of the night, and the pair is currently trading just above the 1.3000 level. Gold hit a fresh 11-month high at $1795.72 before staging a slight downward correction and dropping to its current price of $1791.40. Main News for Today Read more forex news on our forex blog |
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