Awaiting the US NFP data - Forex News by FX Leaders

Awaiting the US NFP data

Posted Friday, May 6, 2016 by
Skerdian Meta • 1 min read

Today we have the employment data from the US. The non-farm payrolls, the unemployment rate and the average hourly earnings are due at 12:30 GMT. The ADP employment numbers earlier this week missed the expectations but the labour unit cost saw a jump in the first quarter. That leaves the market puzzled for today´s numbers. Will we see a small decline in the employment numbers but a jump in the earnings?

 We opened a short term sell signal in EUR/USD since this pair is overbought on the H1 timeframe chart

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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