Source: ForexYard
At FOREXYARD, we believe in keeping our clients prepared for potentially significant news events. As such, traders will want to pay careful attention to the US Non-Farm Employment Change, set to be released tomorrow, November 2nd at 12:30 GMT. As can be seen in the chart below, following a surprising drop in the US unemployment rate last month, the US dollar saw major gains against the Japanese yen.
Don’t miss out on another opportunity to capitalize on market volatility!
Tomorrow’s news is forecasted to come in at 123K, slightly higher than last month’s 114K. Any better than expected news could help the USD against several of its main currency rivals, including the Japanese yen. In addition, positive employment data could boost US stocks, which were forced to close earlier this week due to Hurricane Sandy. This is an excellent opportunity for forex traders to take advantage of potentially significant news, so don’t miss out!
Forex Market Analysis provided by ForexYard.
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