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Currency Pair Overview:

Pound Moves As The Market Stalls

The pound and to some extend the yen were the only two pairs that moved against the dollar overnight, while the rest of the currency market coming to a virtual standstill ahead of the NFP report. This was to be expected, since the last NFP report was interpreted as a shock in the currency market, which allowed the dollar index to make bullish moves that have held, for the first time in a long period.

All eyes are now pointed to the NFP data, which could spark strong volatility in the currency and in the financial markets. The NFP’s usual pattern is to create knee jerk reaction moves, then retrace most of that before choosing the direction ...

[B]Close to the release of the all-important [/B][URL="http://www.forexcrunch.com/will-the-us-finally-see-job-gains/"][B]Non-Farm Payrolls[/B][/URL][B], the Euro got some bad news and is now closer to the bottom of the range. Here’s an update.[/B]

The European Unemployment Rate disappointed with a rise to 10%. This rise was worse than early expectations for a rise to 9.9%. We also found out that last month’s figure was already at 9.9%. The figure was revised from 9.% to 9.9%.

This isn’t another disappointing figure. This double digit unemployment rate weighs heavily on Europe, especially on its flanks. Spain’s unemployment rate is at almost 20%. But this isn’t only a Spanish problem. Every 1 in 10 is unemployed. ...

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.4295
[b]Stop[/b]: 1.4335
[b]Resistances[/b]: 1.4485 - 1.439 - 1.433
[b]Supports[/b]: 1.422 - 1.426 - 1.428

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Entry[/b]: 1.5935
[b]Stop[/b]: 1.598
[b]Resistances[/b]: 1.6175 - 1.606 - 1.5955
[b]Supports[/b]: 1.58 - 1.5835 - 1.5895

[b][img]http://www.mataf.net/images/_V3img/fleches/up_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/usdchf"]USD/CHF ...

[B]Tension comes to a climax today with the [URL="http://www.forexcrunch.com/will-the-us-finally-see-job-gains/"]Non-Farm Payrolls[/URL]. Are we finally going to witness a rise in jobs? It’s not the only event for today. Let’s review the events:[/B]
Japan’s Leading Indicators are predicted to rise once again. Swiss Unemployment Rate is expected to tick up to 4.2% after a similar rise to 4.1% last month.

EUR/USD is [B][URL="http://www.winnersedgetrading.com/trade-of-the-day/eur-usd-still-in-a-range-when-will-it-break-"]still in a range[/URL][/B]. German and French Trade Balance reports start the events in Europe. Later, more important figures are released: the All-European Unemployment Rate is predicted to edge up to ...