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Day: April 3, 2015
April 32015
Weak Non-Farm Payrolls Hurt US Dollar
The US dollar received a significant hit to its strength today after the release of non-farm payrolls. While dollar bulls were very optimistic ahead of the NFP report, their optimism evaporated after the actual reading turned out to be almost two times weaker than forecasts. US employers added just 126,000 jobs in March while market participants were counting on growth by at least 246,000. Moreover, the previous months increase […]
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April 32015
Euro Benefits From Low Volume, Profit Taking
Euro is getting a little help today, thanks to low volume on the Forex market, and a bit of profit taking at the end of a week that saw a precipitous drop to the 19-nation currency. Right now, there is a low volume in trading today, with the Easter holiday coming up. Additionally, euro is getting some help from the fact that there are indications that US jobs data isn’t going to be as positive […]
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April 32015
Dollar Receives Hit from Nonfarm Payrolls
The dollar received a serious hit from nonfarm payrolls that missed analysts’ estimates by a wide margin. This led to big losses for the greenback despite today’s thin trading. Nonfarm payrolls rose 126k in March. The rate of growth was almost two times slower than the forecast 246k. On top of that, the previous month’s increase was revised from 295k to 264k. Unemployment rate stayed at 5.5 percent as was expected. Average […]
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