Trading in the currency markets today is extremely quiet as everyone awaits the U.S. employment numbers due out at 14:30 CET. Forecasts are calling for a drop in the Non-Farm Payroll numbers of between -50,000 to -90,000 jobs, with an average forecast of -75,000. Currently, the general market sentiment is for a stronger dollar in reaction to the dollar’s recent losses over the last few weeks. This sentiment has the potential to set up a “buy on rumor, sell on fact” scenario when the U.S.

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This entry was posted on Sunday, May 4th, 2008 at 6:05 am and is filed under Forex Economic Indicators. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.