"The headline payroll report was weaker than expected with a 193,000 increase, but the data for the previous 2 months was revised up. The unemployment rate also fell to 4.7% and there was a 0.4% increase in earnings. This will maintain speculation over further Fed interest rates, but much of this has been discounted. There is now the increased risk of a move to 1.1950, but major caution is required below 1.1970 given the threat of a reversal."
Analysis supplied by FXToday
I see this kind of analysis of headlines and news reports often. The question I have is about the price points that are included in the report. I've never really paid any attention to them in terms of my trading, so this is more of a curiosity question than anything.
Are they giving those price levels based upon TA or an estimated impact the news will have on the price?
Thanks,
Jonathan
Analysis supplied by FXToday
I see this kind of analysis of headlines and news reports often. The question I have is about the price points that are included in the report. I've never really paid any attention to them in terms of my trading, so this is more of a curiosity question than anything.
Are they giving those price levels based upon TA or an estimated impact the news will have on the price?
Thanks,
Jonathan