Forex Strategy Video: Can the NFPs Save or Doom the US Dollar?
• The February NFPs and labor data are due Friday morning at 13:30 GMT
• Fed officials have vowed the Taper is the 'status quo' and attempted to discount a weather impact
• A risk impact is the more nuanced aspect of this data for the Dollar and S&P 500
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Having been churned by Ukraine and ECB headlines, the markets are now heading into the media-favorite NFPs release. The February employment statistics draw important influence over the Fed's monetary policy bearings as well as the general sense of risk appetite trends which have been amplified by the S&P 500's charge this week to record highs. With sentiment trends engaged and the market acclimating to a Taper world, the USDollar finds itself in a vulnerable spot with another big-ticket economic torrent set for release. What should we expect from the data and markets? We cover the NFP impact in today's Strategy Video.
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