NFP on Friday (Actual 148k against forecasted 190k), with hourly earnings as forecasted at 0.3%.
This weaker than expected economic data resulted in a weaker USD, with USDCAD dropping 140pips within the hour.
However, this employment report also indicates steady improvement in the labour market, with no signs of overheating.
Therefore, we can still expect the FED to maintain course for 3 rate hikes in 2018, signaling gradual USD strength.
This weaker than expected economic data resulted in a weaker USD, with USDCAD dropping 140pips within the hour.
However, this employment report also indicates steady improvement in the labour market, with no signs of overheating.
Therefore, we can still expect the FED to maintain course for 3 rate hikes in 2018, signaling gradual USD strength.
Bình luận:
*Typo: correction from 1.9500 to 1.1950
Bình luận:
euro bounced to retest the 1.1945 level
looking for a resumption of the move down today
looking for a resumption of the move down today
Free trading community: discord.gg/kPDXU2ZaDt
Now to monitor if trade will move lower towards next support level 1.1880