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Will the NFP unleash a fresh USD sell-off?

The US dollar begins the last day of the week with a small correction and some stability after the big sell-offs seen on Wednesday and Thursday. All eyes are on the first Non-Farm Payrolls report for 2016, with real expectations slightly lower than the official ones at 190K. Wages are also predicted to slide to an annual 2.2%. Even if the actual figures could be better (relying on ADP for example), the general trend in markets is not favorable for the greenback. Also note the Canadian jobs report which could give the loonie a break from oil moves.

Wrap up of the morning show for  February 5th:

 

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.