Intraday Market Thoughts

NFP good enough for dollar uptrend

by Ashraf Laidi
Nov 7, 2014 15:56

Any disappointment in today's NFP figure is offset by further declines in the US unemployment rate, reaching fresh six-year lows. The uptick in labour participation and the fall in the in the underemployment rate, as well as the longest creation of manufacturing jobs in 18 years maintains USD uptrend. Both of today's Premium trades in USDJPY are filled and in progress. Full charts & analysis here.

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NFP good enough for dollar uptrend - Usdx Annual Chart With No Gold Nov 7 (Chart 1)

Act Exp Prev GMT
Unemployment Rate (OCT)
5.8% 5.9% 5.9% Nov 07 13:30

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