Home / Forex & Currency Exchange News / EUR/USD Jumps Following NFP Release, Retreats Immediately

EUR/USD Jumps Following NFP Release, Retreats Immediately

US nonfarm payrolls released today were very mixed, resulting in volatile trading on the Forex market. EUR/USD jumped after the release but backed off immediately to trade below the opening level as of now.

Nonfarm payrolls rose 178k in November, in line with expectations. But the October gain was revised negatively from 161k to 142k. Unemployment rate fell from 4.9% to 4.6% unexpectedly. Average hourly earnings fell by 0.1% instead of rising by 0.2% as analysts had predicted. The earnings were up 0.4% the month before. (Event A on the chart.)

EUR/USD as of 2016-12-02

If you have any comments on the recent EUR/USD action, please reply using the form below.

Posted on Forex blog. Click Here For Original Source Of The Article

About Louie Lewis

Louie Lewis
Successful forex trading starts with you first. Then comes the actual strategies and techniques. I have been involved with forex and forex trading for a few years now. It is a wonderful way to build wealth. The learning never stops and I want to help others along their journey into this wonderful market of opportunity.

Check Also

US Dollar Index Speculators reduced their bearish bets this week

US Dollar Index Speculators reduced their bearish bets this week

By CountingPips.com – Receive our weekly COT Reports by Email US Dollar Index Non-Commercial Speculator Positions: Large forex speculators reduced their bearish net positions in the US Dollar Index futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday. The non-commercial futures […]

Leave a Reply

Your email address will not be published. Required fields are marked *

css.php