OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex Flash: NFP at 200k - Westpac

FXstreet.com (Barcelona) - “The Asia-Pacific calendar offers limited distraction ahead of the US Mar employment report,” notes Westpac's Sydney based strategist Sean Callow, adding: “While the Bloomberg median NFP forecast has crept down from 199K to 190K this week, we suspect the market is positioned for a figure nearer 170K, in the wake of soft ISMs, ADP and jobless claims,” Sean points out.

“Westpac is still on 200K, with an unemployment rate of 7.8% (consensus 7.7%),” the analyst expands, concluding: “We expect USD to react positively on any upside payrolls surprise and vice versa i.e. pro-growth rather than as a safe haven. The US Feb trade balance will be released at the same time, sure to be overlooked.”

Forex: AUD/USD showing weakness below 1.0450

AUD/USD is currently showing some weakness at 1.0428 last, off fresh session lows at 1.0420, retracing from NY session highs at 1.0452, ahead of key risk event later on in the form of US NFP at 12:00 GMT. Aussie is the second weakest currency among majors for last 2 trading days, way above Yen, the weakest one by far, with AUD/JPY having printed yet another fresh 4.5-year highs last at 100.45.
Read more Previous

Forex: USD/JPY breaks above previous 3.5-year highs

Helped on soaring local share markets with Nikkei climbing to its highest since 2008 above the 13k level, last at 13165, a +4.2% gain to add to yesterday's +2.2% following bold steps taken by the BoJ, the USD/JPY is last at 96.80, highest level since early Aug 2009. The pair is up +2.8% for the week so far, and more than +11% year to date, moments before BoJ Kuroda speaks to parliament.
Read more Next
Start livechat