Friday, March 7, 2014

WILL USD FIND A STRONG BULLSIH PLATFORM ON NONFARM PAYROLLS

The Nonfarm Payrolls(NFPs) data released at 13:30, March 7, 2014 were better than expected. Expected NFPs were 149K and the actual were 175K. The better than expected NFPs rallied the USD/JPY to add about 80 pips.  

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The question is that will the NFPs be able to push the USD up sustainably. The poor unemployment and trade balance data trying to protest the bullish movement of USD. 

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