EUR/USD PRICE OUTLOOK VOLATILE AROUND US NONFARM PAYROLL DATA RELEASE
- Spot EUR/USD fluctuates +/- 36 pips on common in response to month-to-month US nonfarm payrolls employment knowledge, which compares to +/- four pips on common in any other case
- Heightened foreign exchange volatility round high-impact financial occasions and knowledge releases impacting spot EUR/USD like month-to-month US NFP knowledge warrants additional warning by merchants
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EUR/USD is the world’s most liquid and closely traded foreign exchange pair. This may make spot EUR/USD worth motion much less unstable in comparison with different pairs resembling AUD/JPY or emerging market currencies. But, that isn’t to say spot EUR/USD goes with out experiencing temporary episodes of enormous worth swings.
Volatility, broadly talking, arises throughout instances of heightened market uncertainty and in response to high-impact economic events and data releases. As such, intently watched financial indicators which can be largely seen as market transferring or having potential to…