Market Outlook ahead of US Non-Farm Payrolls

euro-dollar-594

Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity.

Last month , raised from 129 K to 175 K , This months gains are expected to rise towards 200 K , note that a higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. , that’s in general , remember  US Non-Farm Payrolls  will be published today , Friday , the 4th of April 2014 , at 12:30 PM GMT.

How the US Non-farm Payrolls would affect the  market today !!!

EURUSD : let’s highlight support and resistance levels: current market price 1.3705

1.3471 , 1.3585 , 1.3660 , 1.3693 , 1.3720 , 1.3805 , 1.3827 , 1.3845 , 1.3915

  • A reading between 150 K – 175 K will bring  limited gained towards the 1.3760 – 1.3805 levels .
  • A reading between 175 K – 200 K will bring a decline towards the  1.3660 levels…
  • A reading above 200 K  will bring strong bearish move to the 1.3585 levels …
  • A reading  below 150 K ( unexpected ) will expose 1.3805 levels and challenge 1.3827/1.3845 levels
  • A reading below 100 K ( unexpected ) may expose 1.3845 and open 1.3966 levels…

GBPUSD : let’s highlight support and resistance levels: current market price 1.6570

1.6425 , 1.6507 , 1.6595 , 1.6650 , 1.6740 , 1.6821

  • A reading between 150 K – 175 K will bring  limited gained towards the 1.6650 levels .
  • A reading between 175 K – 200 K will bring a decline towards the  1.6507 levels…
  • A reading above 200 K  will bring strong bearish move to the 1.6425  levels …
  • A reading  below 150 K ( unexpected )may expose 1.6650 levels and open 1.6740 levels.
  • A reading below 100 K ( unexpected ) will aim the 1.6740 levels..

NZDUSD : let’s highlight support and resistance levels: current market price 0.8550

0.8291 , 0.8350 , 0.8435 , 0.8513 , 0.8580 , 0.8640 , 0.8700

  • A reading between 150 K – 175 K will bring  limited gained below the 0.8580 levels .
  • A reading between 175 K – 200 K will bring a decline towards the  0.8435  levels…
  • A reading above 200 K  will bring strong bearish move to the 0.8350  levels …
  • A reading  below 150 K ( unexpected ) will challenge 0.8580 levels , a breach will open 0.8640
  • A reading below 100 K ( unexpected ) will expose 0.8580/0.8640 and open 0.8700 levels…

You may follow this event live here :
http://www.fxstreet.com/economic-calendar/

 

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