Today, first day of the month we had the Non Farm Payroll and Average Hour Earnings from the US. The numbers that came out were pretty bad, the average hour earnings were expecting to drop from 0.3 to 0.2 but instead it dropped 0.1%. And iin the case of the NFP, it not only came aroun 30k worst than forecast, the previous number was also revised from 209k to 189k. The initial move was the first and logical reaction to this numbers, in case of EURUSD price went up 65 pips but then it fell 120, in case of USDJPY it fell 60 pips and then went up 90 pips. So things wasn't that bad as expected after this awful numbers, EURUSD wasnt able to reach to the years high so maybe its time for some retracement the next week
Translate to English Show original