Today's NFP numbers were disappointing and well below market expectations. I was anticipating similar numbers mainly because if we look at last few weeks US economic data there was clear hint of a slowdown in economic growth and as a result businesses were expected to be cautious in hiring new employees.

After today's numbers the chance of a rate hike by Fed's have somewhat diminished and I am expecting US Dollar to decline against other major currencies in coming weeks.

In recent times, market movements are highly influenced by Central Banks action and as such I would be closely monitoring any comments coming out of Fed's officials regarding future rake hike.
Перевести на Английский Показать оригинал