151K jobs were added in the US in October, triple than expected. Non-Farm Payrolls were expected to show only 50-60K. The unemployment rate remained at 9.6% as expected. Signs of change? EUR/USD is back to the levels it saw before QE2. The Aussie remains high Also September’s number was revised to the upside, with only 41K jobs lost, far better than 95K originally reported. One of the drivers of the new quantitative easing program was the high level of unemployment. It’s still too early to say there is a big change, but there are already quite a few signs. Last week’s jobless claims fell to 434K (Although rising back this week), the employment components of both manufacturing and services PMIs exceeded expectations, and also housing figures stabilized. EUR/USD now trades at around 1.4080, after dropping and bouncing off the important 1.4030 level. GBP/USD is at 1.6210, after getting stuck at around 1.6280 earlier in the day. AUD/USD is at 1.0150, taking the NFP quite easily. USD/CAD is at 1.0022, and finds support at parity. The Canadian dollar enjoyed a huge leap in building permits, 15.3%, released at the same time. More on Canadian housing and jobs in a separate post – Canadian dollar at parity on building permits. USD/JPY jumped with a gap and is now trading at 81.35. Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. 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 Forex News Today: Daily Trading News share Read Next AUD/USD Nov. 5 – Non-Farm Payrolls Ignored – Pushing Yohay Elam 11 years 151K jobs were added in the US in October, triple than expected. Non-Farm Payrolls were expected to show only 50-60K. The unemployment rate remained at 9.6% as expected. Signs of change? EUR/USD is back to the levels it saw before QE2. The Aussie remains high Also September's number was revised to the upside, with only 41K jobs lost, far better than 95K originally reported. One of the drivers of the new quantitative easing program was the high level of unemployment. It's still too early to say there is a big change, but there are already quite a few signs. Last… 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.
