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.

Free Trading Guides
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
Mixed
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
More View more
Real Time News
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.82% Silver: 0.04% Gold: -0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/O3RaJ4mr4W
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.79% 🇳🇿NZD: 0.68% 🇬🇧GBP: 0.46% 🇨🇦CAD: 0.17% 🇨🇭CHF: 0.07% 🇯🇵JPY: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UMZm9sOyoN
  • GBPAUD down 25 big figures since April 2...will today's EU/UK briefing by Michel Barnier (12:00 BST) halt or accelerate the sell-off? #gbpaud #sterling #euuktalks https://t.co/QCTg3VugSj
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Germany 30: 1.17% France 40: 1.08% Wall Street: 0.92% US 500: 0.80% FTSE 100: 0.66% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MwxVWpqxb3
  • EU's Barnier scheduled to speak at 1200BST following EU-UK trade talks
  • The #Dow Jones, #Nasdaq and S&P 500 have continued to melt higher in recent days even as bullish catalysts seem to sputter out. Get your #equities market update from @PeterHanksFX here: https://t.co/6QGkvWJ20E https://t.co/3ysgLGSUIJ
  • Heads Up:🇮🇳 Monetary Policy Meeting Minutes due at 05:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-06-05
  • 🇯🇵 Leading Economic Index Prel Actual: 76.2 Expected: 84.5 Previous: 85.1 https://www.dailyfx.com/economic-calendar#2020-06-05
  • 🇯🇵 Coincident Index Prel Actual: 81.5 Expected: 90.3 Previous: 88.8 https://www.dailyfx.com/economic-calendar#2020-06-05
  • 🇯🇵 Leading Economic Index Prel Actual: 72.6 Expected: 84.5 Previous: 85.1 https://www.dailyfx.com/economic-calendar#2020-06-05
EUR/USD and USD/JPY Face Breakouts with NFPs Ahead

EUR/USD and USD/JPY Face Breakouts with NFPs Ahead

2013-08-02 04:50:00
John Kicklighter, Chief Strategist
Share:

As the US Dollar extends a four-day advance and the S&P 500 overtakes 1,700, we come upon another indicator that can break the peace and revive a clear risk-based line of volatility: NFPs. Following the 2Q US GDP report's and FOMC rate decision's inability to spur Taper speculation, we should maintain hearty skepticism in the employment figures ability to heft such a meaningful fundamental theme. However, without too many moving parts and given the direct link to the Fed's policy targets; FX traders should watch closely. We discuss the data and its trade implications under different trade scenarios in today's video.

Find out what event risk can threaten the trade setups talked about in today's video with the DailyFX Economic Calendar.

New to Forex? Watch this video.

Sign up for John’s email distribution list, here.

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

DISCLOSURES

News & Analysis at your fingertips.