Participant

Today’s Non Farm Payroll numbers were much lower than expected at 126k compared to a forecast of 225k, with last month’s NFP number at 264k revised, that is a considerable drop. Manufacturing payrolls gave a negative 1k figure, +2k last month, even more surprising as it was forecast at around +10k. The markets took note, as you can see on the 30min candle chart, EUR/USD went from an open of 1.08797 after the release to a close of 1.1015230 30 minutes later. The day candle chart shows resistance level around 1.0975, a close above that line could signal a trend correction. Especially after today’s NFP figures considering that one of Yellen’s main factors to consider a hike was strong job creation.

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