I saw this at ForexLive page.
I am confused on the following lines
May non-farm payrolls 217K vs 215K expected
The market was ready for disappointment but these numbers are solid and slightly better than the consensus.
What’s happening in the market is that this cleared away the main risk hurdle for the euro bulls and that’s causing
a broad US dollar slip with USD down about 20 pips across the board after the numbers.
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I am not sure why non farm payroll that come out as expected is dovish for the USD.
Unemployment rate also remain at 6.3%, anyone can answer why the commentator Adam Button at ForexLive would mention
that the market is looking for disappointment and what is the main risk hurdle for euro bulls
I was forecasting that the result will be as expected and would be usd positive, the forecast was correct but the reaction
went opposite of what I expect it to be.
Hope someone can clarify and explain. Thanks for the knowledge. Please don't tell me market manipulator are manipulating the market
Thanks!!
I am confused on the following lines
May non-farm payrolls 217K vs 215K expected
The market was ready for disappointment but these numbers are solid and slightly better than the consensus.
What’s happening in the market is that this cleared away the main risk hurdle for the euro bulls and that’s causing
a broad US dollar slip with USD down about 20 pips across the board after the numbers.
-----------
I am not sure why non farm payroll that come out as expected is dovish for the USD.
Unemployment rate also remain at 6.3%, anyone can answer why the commentator Adam Button at ForexLive would mention
that the market is looking for disappointment and what is the main risk hurdle for euro bulls
I was forecasting that the result will be as expected and would be usd positive, the forecast was correct but the reaction
went opposite of what I expect it to be.
Hope someone can clarify and explain. Thanks for the knowledge. Please don't tell me market manipulator are manipulating the market
Thanks!!
Learn to Trade is Important. Keep your bias & ego aside.