Non-Farm Payrolls fell by 663K . Immediately after the release, USD/JPY leaped over 100, adding another digit and leaving dust behind it. The European currencies are gaining against the dollar. Risk appetite is getting very strong! Non-Farm Payrolls fell a little bit more than expected, but not too bad. Early expectations were for a fall of 659K jobs. So, the figure is within expectations. Also Unemployment Rate, which disappointed expectations recently, was exactly within expectations, rising to 8.5%. Immediately after the release, USD/JPY jumped over 100. It was long awaited. Although the pair flirted with the 100 mark during the night and the day, it stayed there only for short periods. This time, the rise is strong and significant. Risk appetite is back: the G20 summit brings new hope and American Unemployment is getting better. There is a light at the end of the tunnel. This also sends money into the Euro and the British Pound. Both currencies, which are associated with risk appetite, are gaining nicely after the release. As it happens lately, when the dollar weakens against the European currencies, the Yen weakens even more. This Dollar Yen currency correlation dominated the markets this week, and it happens also now, with the Non-Farm Employment Change. This post will be updated later. 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. Yohay's Google Profile View All Post By Yohay Elam Expert score 5 Etoro - Best For Beginner & Experts0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 5 Read Review Open My Free Account Your capital is at risk. Forex News share Read Next Comeback of the Pound Yohay Elam 13 years Non-Farm Payrolls fell by 663K . Immediately after the release, USD/JPY leaped over 100, adding another digit and leaving dust behind it. The European currencies are gaining against the dollar. Risk appetite is getting very strong! Non-Farm Payrolls fell a little bit more than expected, but not too bad. Early expectations were for a fall of 659K jobs. So, the figure is within expectations. Also Unemployment Rate, which disappointed expectations recently, was exactly within expectations, rising to 8.5%. Immediately after the release, USD/JPY jumped over 100. It was long awaited. Although the pair flirted with the 100 mark during the… Top 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.
