Once again, the ECB instigated a decent amount of volatility into FX markets during their press conference, with the ECB President being more explicit (on behalf of the governing council) with regards to the expansion of the ECB’s balance sheet and their appetite to do more should conditions warrant. This quickly pushed EURUSD down by 1 big figure, and we’ve seen further modest losses since then, helped by a slightly weaker dollar overall. Far less dramatic has been EURJPY, which failed to break below the 142.00 level as the yen continues to come under selling pressure. For these two currencies, it continues to be a race to the bottom in terms of just how much further easing measures they can enact to avert deflation, but yesterday’s price action continues to suggest the market’s faith lies more with the Bank of Japan than the ECB in terms of being able to deliver. And today is the US employment report at 13:30 GMT, which brings the risk of further volatility. Headline payrolls are seeing rising 235k, with the unemployment rate holding steady at 5.9%. After last month’s wobble, the dollar’s bull trend is back in play and a strong employment report will add further momentum to the divergence play on the majors, as the market anticipates the FOMC gearing up (by adjusting their forward guidance) for the next stage of edging towards a tightening of rates. Note that Canadian jobs data is also released at the same time, with a small fall in headline employment anticipated after Sep’s gain. The CAD remains weaker along with other commodity currencies (principally the NOK) in the face of a weakening oil price; USDCAD currently just shy of year high’s at 1.1467. Further reading: EUR/USD: Trading the US Non-Farm Employment Change Draghi Did It Again; EUR/USD En-Route To 1.20 – Danske FxPro - Forex Broker FxPro - Forex Broker Forex Broker FxPro is an international Forex Broker. FxPro is an award-winning online broker, offering CFDs on forex, futures, indices, shares, spot metals and energies, serving clients in more than 150 countries worldwide. FxPro offers execution with no-dealing-desk intervention and maintains a client-centric business model that puts customer needs at the forefront of our operations. Our acquisition of leading spot FX aggregator, Quotix, enables us to offer access to a deep pool of liquidity, as well as top-class order-matching and some of the most competitive spreads in the market. FxPro is one of only few brokers offering Negative Balance Protection, ensuring that clients cannot lose more than their overall investment. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration number: 509956). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence number: 078/07) and by the South Africa Financial Services Board (authorisation number 45052). Risk Warning: Trading CFDs involves significant risk of loss. View All Post By FxPro - Forex Broker Daily Look share Read Next EUR/USD: Trading the US NFP Nov 2014 Kenny Fisher 8 years Once again, the ECB instigated a decent amount of volatility into FX markets during their press conference, with the ECB President being more explicit (on behalf of the governing council) with regards to the expansion of the ECB's balance sheet and their appetite to do more should conditions warrant. This quickly pushed EURUSD down by 1 big figure, and we've seen further modest losses since then, helped by a slightly weaker dollar overall. Far less dramatic has been EURJPY, which failed to break below the 142.00 level as the yen continues to come under selling pressure. For these two currencies,… 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.
