As is usually the case with nonfarm payroll day it’s all about the big figure and what effect it’ll have on the financial markets. The USD has been attracting some buyers over the past couple of weeks, some looking to get into the currency for safe haven reasons, but others because the expectations of tapering have been augmented following the good run of economic data we’ve seen. Today is likely to be no different as there’s little else in the way of economic data to focus on apart from the nonfarm payroll. Any figure that comes in better than the 180k that’s expected, which is possible given yesterday’s initial jobless claims hit levels last seen in 2007, could give the dollar bulls even greater impetus to add to the recent USD gains. See how to trade the Non-Farm Payrolls with EUR/USD Data/Event Risks USD: Nonfarm payrolls will be the focus of today where 180,000 new jobs are expected to have been created in August. Yesterday’s ADP figure was slightly lower than expected but the weekly initial jobless claims surprised to the upside which led the dollar bulls causing a spike in USD taking it to the highest level since the middle of July. CAD: Around the same time as the US nonfarm payrolls Canada also release unemployment figures so there could be an interesting battle for USDCAD which is yet to break above the 1.0600 level. GDP: Industrial and manufacturing production is released this morning and so a focus on EURGBP would be worthwhile which has moved much sharper than GBPUSD. EURGBP is knocking on a 5 month low around 0.8400 which is seen as a major support level. Latest FX News JPY: Overnight the Yen has regained a little ground against the dollar causing the USDJPY rate to retreat from testing the 100.00 level. However, as mentioned if we continue to see rising Treasury yields that Yen strength could be short lived. EUR: The single currency declined to its lowest level versus the dollar for six weeks as ECB President Mario Draghi said they had discussed an interest rate cut at yesterday’s policy meeting. 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 Forex News Today: Daily Trading News share Read Next UK data disappoints for a change, but GBP is still Yohay Elam 9 years As is usually the case with nonfarm payroll day it's all about the big figure and what effect it'll have on the financial markets. The USD has been attracting some buyers over the past couple of weeks, some looking to get into the currency for safe haven reasons, but others because the expectations of tapering have been augmented following the good run of economic data we've seen. Today is likely to be no different as there's little else in the way of economic data to focus on apart from the nonfarm payroll. Any figure that comes in better… 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.