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Mixed data out of the US: NFP up; AHE down

Falco1 Updated 4 Mar  in #USD #Forex #Nfp #Fx #Us
  • Investors however, seem to be focussing on the strong job growth, with the EURUSD plunging nearly 60pips.
  • The pair quickly reversed and now broke the very round 1.10$.
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Are #Investors secretly hoping for poor US data?

Falco1 Updated 4 Mar  in #USD #Forex #Nfp #Fx #Us #Fed #Upcoming Data #Average Hourly Earnings #Fx Analysis #USD Analysis
  • Expectations:
The Non-Farm Payrolls is expected to come higher (195K) than the previous (151K). A print above 245K would be considered high; bellow 70K would put downward pressure on the Buck.
Average Hourly Earnings are expected to shrink to 0.2% from 0.5%. A read above 0.5% would be considered high; bellow 0.0% low.
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