If we get a conflicting release, then well wait and see how the market reacts first.
Buying EUR/USD Scenario
The concern at hand within the Federal Reserve centers around falling inflation expectations, which can be captured from a few angles. However, this week has given rise to few counter-points that make the NFP print, and specifically, Average Hourly Earnings specifically important. However, beyond the headline number, which has lost its significance on the fear that the jobs being added are not producing the revenue needed to support the hoped-for economic growth is Average Hourly Earnings AHE.
Since , AHE has risen from 1. IN short, commodities are no longer the drag they were on inflation expec t ations thanks in large part to the summer rally in industrial metals and energy like Crude Oil. An increase in AHE could give the Fed the courage they need to begin talking up expecta t ions for a rate hike that would likely scare the emboldened traders that hold a short USD positions.
You will not want to miss our live coverage, and you can register here for free. These reasons and more are exactly why you should join us on Friday 15 minutes before the print s through 15 minutes after the 8: DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account.
Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. Please enter valid email. Please fill out this field. Please Select Please select a country. Yes No Please fill out this field. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
Close alert Thanks for following this author! Close alert You've unfollowed this author. You won't receive any more email notifications from this author. The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event.
Watching wages, USD well positioned to ride higher In the last five releases, the EURUSD moved, on average, 28 pips in the 15 minutes after the data release and 49 pips in the following 4 hours.