EUR/USD moves higher ahead of first NFP hint

While the yen is taking a break, the euro moves above the critical 1.1460 level. Is this a real break or just another fakeout from this problematic pair? The ISM Manufacturing PMI is the key event for today as it serves as a hint for Friday’s Non-Farm Payrolls. Also watch out for the RBA decision: nothing is fully priced in, not for the current meeting and not for future ones so we could see wild moves in a busy week for the Australian dollar.

Wrap up of the morning show for May 2nd:

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. Yohay's Google Profile

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