Today’s NFP Employment Change release is forecasted at 216K. The Unemployment Rate is expected to be at 6.1%. If we get a significantly lower release on the NFP (146K or worse) and slightly higher Unemployment Rate (6.1% or more), I´d be looking to SELL the USD against stronger currencies as speculation for Feds to potentially prolong the pace of taper should dominate the market. On the other hand, if we get a strong NFP release (286K or better) and the Unemployment Rate falls or remain at 6.1%, USD could strengthen and I would BUY USD against other weaker currencies.. considering that last month’s release came in at only 142K, this release will either prove that the prior release was just a fluke or a possible start of a new trend…
Posted on: Fri, 03 Oct 2014 08:10:33 +0000
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