An overview of the
currency markets by 
Hello.
As we gear up for the NFP - just wanted to give everyone a snapshot of the Euro.
The general consensus -550K to -600K with a 8.6% - 8.9% unemployment rate forecast. We’ll see how the numbers pan out in about 8 hours.
Technically speaking, the EUR/USD is still seemingly bullish. We may see a retracement down, however, the overall trend seems to be bullish. We’ll have to see where the numbers come in at and how it effects the market to take any trades.
When the dust settles, look for a potential move up to 1.3550 and up.
We’re doing our research now. It’s amazing to see how many traders come in unprepared when it comes to the NFP. Do your research, know what triggers you have and be ready to execute them quickly.
We’d also like to take the opportunity to say Happy Mother’s Day to my mom, wife, sister and all the mother’s out there.
Good luck and have a great weekend. You deserve it!
Hi Ross,
I too wish Euro to climb further,lets wait for those tickling hours.
wishing all A Happy Mother’s Day……
Hello Rajan,
Looks like you got it on the Euro. I’m going to post an update on the Euro - will get this out before the opening of the European session.
Hope you had a nice weekend - it would’ve been if you were long the Euro back from Friday.