The odds for a rate hike in June hit rock bottom again

Posted Friday, June 3, 2016 by
Skerdian Meta • 1 min read

The US employment data was published less than an hour ago and the market didn´t like it. It was a bit of a surprise because most of the components were positive. The unemployment rate fell to 4.7% from 5%, the average hourly earnings were positive as well and the trade balance came out better than expected. The non-farm payrolls on the other hand, came out at 38K against 160 expected and the market took it very badly. Now the June rate hike odds have declined to just 6% and the USD is really suffering, but our USD/JPY sell forex signal hit take profit immediately after the release.

EUR/USD jumped about 200 pips after the payrolls missed

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