U.S Nonfarm Payrolls Down 155K In Nov, Sideways Market!

3
105
Forex-265984

The U.S Nonfarm Payrolls falls 155K, from 250K in the previous month, missing a forecast of 200K. While Unemployment Rate remains unchanged as the previous month and as expected at 7.3%. This development is negative a little bit for the USD. The USD may fall, but any fall will be limited. We can say: the USD is light bearish…

EURUSD: The pair is around the critical resistance 1.1393. A sustained breakout above this level is needed to open 1.1465 levels. A rejection from 1.1393 will turn the focus back on 1.1285 level. But minor support comes at 1.1340 levels. A cut below support is unlikely today. Buying the pair is recommended around support level…

GBPUSD: The pair still capped by 1.2822 level. Looks like taking out this level is unlikely today. Any fall below that level will be limited by 1.2730/1.2706 level. I think a cut below support is not easy today, so buying the pair with a tight stop around 1.2730 is an option. On the upside, selling the pair around 1.2822 is highly recommended…

USDJPY: The pair is going nowhere. It trapped within 112.29/113.40 level. You may buy it around 112.29 but remember; it may break lower, it’s risky a bit. The best choice for USDJPY is selling the pair around 113.40. If 113.40 fails to hold, a higher leg above 114.00 is very likely. But I think the pair may fall to 112.73/112.29, from 113.40 (If reached) before attempts to break above 113.40 levels…

MARKET DATA

UPCOMING ECONOMIC EVENTS

3 COMMENTS

  1. I think this is one of the most important info for me. And i’m
    glad reading your article. But should remark on few general things, The web site style is
    ideal, the articles is really excellent : D. Good job, cheers

  2. You’ve made some good points there. I looked on the web for additional information about the
    issue and found most people will go along with your views on this website.

Comments are closed.