NFP will give hints about USD rate hike


Today’s NFP is released before FOMC meeting 2 weeks later. In latest press conferences FED has stated the importance of all data in the decision to raise interest rates. The problem is that global markets are affected by China stock market but as FED implies – “ it will not have any impact on the rate hike timing “. Now we need to see if employment is still strong , although August tends to be a bit lower with employment numbers, before the revision happens. Technically EURUSD has broken lower below the buffer zone I have warned about some days ago and we can see that the price effectively broke through 1.1100 just to be bought afterwards again up to lower part of BUFFER ZONE (1.1155)-. We cannot know the exact NFP number but technically speaking 1.1155-1170 (H3, DPP,38.2,
http://bit.ly/1NS79gn

World Wide Invest