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1 Aug 2014
Strong NFP number expected - FXStreet
FXStreet (Łódź) - Alberto Muñoz, Forex Analyst at FXStreet, believes that US jobs numbers, due out later today, will show another month of strong employment gains in July.
Key quotes
"Considering that unemployment claims clearly fell below 300K last week we should expect a strong NFP number this Friday, with a figure between 230K and 260K."
"Unemployment rate remains at 6.1 percent or even better at 6.0%."
"Those figures would be definitely bullish for the US Dollar which could trigger stops below 1.3400 against the Euro and above 102.00 against the Japanese yen."
Key quotes
"Considering that unemployment claims clearly fell below 300K last week we should expect a strong NFP number this Friday, with a figure between 230K and 260K."
"Unemployment rate remains at 6.1 percent or even better at 6.0%."
"Those figures would be definitely bullish for the US Dollar which could trigger stops below 1.3400 against the Euro and above 102.00 against the Japanese yen."