Volatility ahead. In addition to the uncertainty on the USD arising from the trade war (increased tariffs), and change of personnel in the White house, from today till Friday, we see several economic data release and policy decisions which could surprise the market and also bring about higher volatility.
Tonight, we have the USD ADP NFP, which is released 2 days ahead of the Govt NFP release on Friday evening.
This is data is likely to bring some short term volatility to the USD, with anticipation that data released to be better than forecasted, close to previous month.
If EURUSD breaks below 1.2400 a quick sell towards 1.2350 could be viable.
Tonight, we have the USD ADP NFP, which is released 2 days ahead of the Govt NFP release on Friday evening.
This is data is likely to bring some short term volatility to the USD, with anticipation that data released to be better than forecasted, close to previous month.
If EURUSD breaks below 1.2400 a quick sell towards 1.2350 could be viable.