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EUR/USD, GBP/USD, and USD/JPY Setups After Weak NFPs

EUR/USD, GBP/USD, and USD/JPY Setups After Weak NFPs

2014-02-07 22:00:00
Christopher Vecchio, CFA, Senior Strategist
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Talking Points:

- EURUSD rallies up and through 1.3600 on headline NFP miss.

- USDJPY dip and rip as QE3 taper looks on track.

- European currencies look better positioned now; Yen allure fading.

To keep up with developments regarding US economic data, the Federal Reseve's QE3 taper, and their collective impact on the US Dollar, be sure to sign up for my distribution list.

The pace of jobs growth in the United States has slowed (the weather? incoming recession?) but the continued fall in the Unemployment Rate leaves the US Dollar with a mixed bag headed into next week.

Read more: EUR/AUD, EUR/JPY Attempt Post-ECB Reversal

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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