Expectations for a historically bad payrolls report have been built up. Economists at TD Securities think FX is more likely to observe rather than react to any large extent. Key quotes “Our -25mn forecast for payrolls allows for some undercounting of weakness in the establishment survey data as well, with some firms not responding to the BLS because they have shut down.” “The payrolls report might trigger more reaction in FX, once it becomes clear how the reopening process in a post-Covid world unfolds. For now, we stick to our bullish USD bias in the coming weeks.” “EUR/USD has been heavy, but the 1.0770/00 pivot has been thick. We think this will inevitably fail to hold in the coming weeks. Meanwhile, in the USD/JPY pair, the break below 107 is bearish but now that domestic holidays have passed, we could see more volatility in the cross.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index flirts with daily highs near 100.30 FX Street 2 years Expectations for a historically bad payrolls report have been built up. Economists at TD Securities think FX is more likely to observe rather than react to any large extent. Key quotes “Our -25mn forecast for payrolls allows for some undercounting of weakness in the establishment survey data as well, with some firms not responding to the BLS because they have shut down.” “The payrolls report might trigger more reaction in FX, once it becomes clear how the reopening process in a post-Covid world unfolds. For now, we stick to our bullish USD bias in the coming weeks.” “EUR/USD has been… 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.
