Saturday, May 6, 2017

FX Closing Bell: May 5, 2017: Dollar Trades To 2017 Lows Shadowing Commodity Crash, Post-NFP

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@ForexYell

Despite an encouraging headline NFP, revisions USD resumed its downtrend allowing EUR/USD to approach 1.1000 ahead of the election.

Talking Points:

USD: NFP rose above est. 191k, headline +211k; AHE disappoints at +2.5%YoY (2.7% expected)

Commodity capitulation continues taking AUD & CAD along for the ride

EUR hedges cheap showing companies willing to risk second round vote without downside protection

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May 06, 2017 at 01:43AM

https://www.youtube.com/watch?v=erORzxAm5hU

from Forex News by DailyFX


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