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Forex: Immediate Effects Of Non-Farm Payrolls
Started:November 4th, 2011 (02:40 PM) by Quick Summary Views / Replies:232 / 0
Last Reply:November 4th, 2011 (02:40 PM) Attachments:0

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Forex: Immediate Effects Of Non-Farm Payrolls

Old November 4th, 2011, 02:40 PM   #1 (permalink)
Quick Summary
Forex: Immediate Effects Of Non-Farm Payrolls

By Benjamin Trotter:With non-farm payrolls just released in the US, let's take a quick look at the immediate moves of significance in the Forex markets.

Non-farm Payroll Numbers:

Previous: +103k

Expected: +95k

Actual: +80k

Revisions: September +158k

Unemployment Rate: 9.0% actual vs 9.1% previous


An initial spike higher (50 - 60 pips) was quickly retraced. 10 minutes after the release and we were right back to where we started. To be honest, EUR/USD traders have probably got other, more important numbers to deal with at the moment. In other words, it certainly wasn't a blockbuster figure by any means (perhaps aside from the revisions).


Staggering all over the place. An initial spike lower came on the immediate release of the data. This retraced and created a second spike upward. Currently settled just a few pips from where we started. This market is operating in a tough liquidity market with the

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