Day: August 3, 2007

EUR/USD Rallies on Bad U.S. Employment Data

Friday, as expected, showed us some real tough action in Forex EUR/USD pair with it hopping high to 1.3800. The first Fridays of the month are often like that — you have an almost flat week of dull trading and then some important news (employment market) come and the whole situation changes fast and completely unexpectedly.Nonfarm payrolls in July 2007 dropped 34k and came out at 92k level — opposed to 135k expected […]