bullish or bearish?
EURUSD: Trading the U.S. Non-Farm Payrolls Report
The world’s largest economy is expected to add another 205K jobs in March and the ongoing improvement in the labor market should prop up the U.S. dollar as it dampens the Fed’s scope to push through another large-scale asset purchase program. As the recovery gets on a more sustainable path, we should see the FOMC continue to soften its dovish tone for monetary policy, and the committee may look to normalize monetary policy towards the end of the year as the outlook for growth and inflation picks up. However, as market participation tapers off ahead of the holiday weekend, we may see whipsaw-like price action ... (full story)