Managed Forex Accounts News
Well hold on to you hats today is Non Farm Payroll and reports say that we’re expecting bad US news. Looking back on the charts a slight upward correction is due but given the strong down trend it may appear as a slight blip on the screen. In either case it’s always best to take the day off and get back to it on Monday.
In case you haven’t noticed the US Dollar picked up another 2 cents in as many days and at this writing the Euro sits at 1.4231 off its July high of 1.60s. The GBP is resting at 1.7621 having to stretch its neck to see its July high of 2.0158 and the CHF continues its move touching 1.1007 yesterday.
The Asian session’s of late have been pretty trend based as well leaving the JPY’s high of 109.15 barely visible as it stands around 106.13 this morning.
All in all the set up continues for the most volatile move the market makes for the entire month. Enjoy the show!