News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
NFP Preview and Trade Setups in EUR/USD, AUD/USD, and USD/JPY

NFP Preview and Trade Setups in EUR/USD, AUD/USD, and USD/JPY

Christopher Vecchio, CFA, Senior Strategist

Talking Points:

- EURUSD rebound short-lived; watching flag 1.2560-1.2675.

- AUDUSD turns back at 8-EMA; USDJPY supported above 108.25.

- See the DailyFX US Dollar Economic Calendar for Friday, October 3, 2014.

Despite recent price action across several USD-pairs, mainly AUDUSD, EURUSD, and USDJPY, the US Dollar's 12-week bull run is very much intact. Mainly, we've seen key technical momentum levels tested over the last two days in these pairs, and as a result of some bullish overnight price action, the US Dollar rally is back on track - for now.

We say for now due to the overhang of significant event risk - mainly the September US labor market report due at 12:30 GMT today. Any print below +200K will stir disappoint in a stretched US Dollar market, which could put pressure back on the buck's key technical levels.

See the above video for an overview of the key technical levels guiding the AUDUSD, EURUSD, and USDJPY heading into and after NFPs today.

Read more: What to Expect from ECB and Managing EUR/USD Trade

--- Written by Christopher Vecchio, Currency Strategist

To contact Christopher Vecchio, e-mail

Follow him on Twitter at @CVecchioFX

To be added to Christopher’s e-mail distribution list, please fill out this form

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