oussama94
05-29-2017, 00:18
As indicated in Table 4.1, the U.S. nonfarm payrolls release remains the
number-one most market-moving indicator for the U.S. dollar; it topped
the list in both 2004 and 2007. The reason why NFP is so important is
because job growth has broad ramifications for any country. Strong job
growth tends to lead to stronger consumer spending and tighter monetary
policies. Weak job growth can lead to weaker retail sales, a slowing economy,
and lower interest rates. Throughout 2007, on average, the EUR/USD
would move 69 pips (points in **) in the first 20 minutes following the NFP
release. On a daily basis, the EUR/USD moved an average of 98 pips
number-one most market-moving indicator for the U.S. dollar; it topped
the list in both 2004 and 2007. The reason why NFP is so important is
because job growth has broad ramifications for any country. Strong job
growth tends to lead to stronger consumer spending and tighter monetary
policies. Weak job growth can lead to weaker retail sales, a slowing economy,
and lower interest rates. Throughout 2007, on average, the EUR/USD
would move 69 pips (points in **) in the first 20 minutes following the NFP
release. On a daily basis, the EUR/USD moved an average of 98 pips