The market are reacting USD negative, EUR positive at the moment as EUR has risen from pre announcement level of 1.2715 to 1.2735. The main question now is how Chairman Bernanke reacts to this announcement. Is he disappointed by the NFP number or happy about the unemployment number. This will go a long way as to what happens next week at the FOMC meeting. Guest post by Matthew Lifson, Foreign Exchange Trader, Market Analyst of Cambridge Mercantile Group. I was just on the phone with a reporter from Thomson Reuters and I stated that the administration will be pleased with the reduction of the unemployment rate and I will go on record that I do not believe there will be any additional easing announced next week. As far as the two main announcements this week are concerned, the EUR “wins”. The ECB announcement has easily trumped the NFP release and that should keep the market “EUR positive” over the next few trading sessions. Technical view: EUR/USD Breaks resistance, highest since May Matthew Lifson Matthew Lifson Matthew Lifson is a Foreign Exchange Trader and a Market Analyst. with Cambridge Mercantile Group. View All Post By Matthew Lifson Opinions share Read Next EUR/USD Breaks Resistance – Highest Since May Yohay Elam 11 years The market are reacting USD negative, EUR positive at the moment as EUR has risen from pre announcement level of 1.2715 to 1.2735. The main question now is how Chairman Bernanke reacts to this announcement. Is he disappointed by the NFP number or happy about the unemployment number. This will go a long way as to what happens next week at the FOMC meeting. Guest post by Matthew Lifson, Foreign Exchange Trader, Market Analyst of Cambridge Mercantile Group. I was just on the phone with a reporter from Thomson Reuters and I stated that the administration will be pleased with… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
