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Pair Expectation, target value – maximum or minimum for the day
AUDUSD down, target: 0.7180
EURUSD down, target: 1.0810
USDCAD down, target: 1.3350
GBPUSD down, target: 1.3990
USDJPY down, target: 111.50
USDNOK down, target: 8.380
NFP data for the US economy is due for release this coming Friday. The numbers might induce significant volatility across the markets, especially if the data print is an outlier – either to higher or lower end. Considering that ISM had been rather dismal recently – the Manufacturing data was below 50 for three consecutive months while Service data turned below 50 for the first time in two years, it would be reasonable to anticipate disappointingly weak results for NFP release. Provided this is the case, US dollar might fall on higher risks of monetary easing.
AUDUSD down, target: 0.7180
EURUSD down, target: 1.0810
USDCAD down, target: 1.3350
GBPUSD down, target: 1.3990
USDJPY down, target: 111.50
USDNOK down, target: 8.380
NFP data for the US economy is due for release this coming Friday. The numbers might induce significant volatility across the markets, especially if the data print is an outlier – either to higher or lower end. Considering that ISM had been rather dismal recently – the Manufacturing data was below 50 for three consecutive months while Service data turned below 50 for the first time in two years, it would be reasonable to anticipate disappointingly weak results for NFP release. Provided this is the case, US dollar might fall on higher risks of monetary easing.
