Friday price action was pretty much
dominated by the NFP and unemployment rate which came in line with consensus.
NFP increased by 192k in February. Unemployment rate came down to 8.9%. Looks
like this upturn may just be showing signs of US
Dollar weakened against the euro
allowing the euro to break above 1.40.
EURGBP kept the sterling down as it
failed to break through the 1.6340 resistance. This week market awaits the BOE
rat decision.
Not much data out today, and the
morning has been very quiet. Will see what happens when Europe
and the U.S comes into play.
Data Today
Happy Trading!
FxTaurian
good luck in trading, will keep reading you :)
ReplyDeleteThanks for the follow kingich, good luck with your trading as well
ReplyDelete