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Forex: Immediate Effects Of Non-Farm Payrolls
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Forex: Immediate Effects Of Non-Farm Payrolls

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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

EUR/USD:

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).

USD/JPY:



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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