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Market Awaits Non Farm Payroll

The US employment data will be released this Friday, 6/1.  

 

10/07/2007 10:27:35 AM -0700

The price action all seemed to happen during the early Euro session.  There was not much happening during the US session.  Market is preparing for the imminent monthly excitement - the US Non Farm Payroll.

USD/CAD is pretty much unchanged from yesterday after hitting the all time low of 1.0686.  I am still holding the long position, entered at 1.0835.  MACD histogram and momentum are still showing divergence.  We'll see what the future would bring once the US Non Farm Payroll number is released on Friday.  This is nerve wrecking.

 

USD/CAD Daily Chart

click the image to see the full size

 

Last Updated:
Sunday, October 07, 2007 10:27:35 AM -0700

 

 

 

 

 

 


 
 

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