The odds for a rate hike in June hit rock bottom again
Skerdian Meta•Friday, June 3, 2016•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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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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