{"id":19899,"date":"2011-03-03T06:55:07","date_gmt":"2011-03-03T11:55:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19899"},"modified":"2011-03-03T06:55:07","modified_gmt":"2011-03-03T11:55:07","slug":"volatility-expected-day-before-fridays-nfp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/03\/volatility-expected-day-before-fridays-nfp\/","title":{"rendered":"Volatility Expected Day Before Friday\u2019s NFP"},"content":{"rendered":"

By Anton Eljwizat<\/strong><\/p>\n

The EUR experienced one of its most bullish trading days in recent weeks on Wednesday. The EUR made significant gains against many of its most traded currency pairs, such as the GBP, JPY and USD.<\/p>\n

Today\u2019s busy calendar<\/a> will have forex traders highly active in the upcoming European and American sessions. The euro zone will publish their interest rate decisions along with monetary policy statements. The US will later publish its trade balance and weekly unemployment claims and ISM Non-Manufacturing PMI report prior to tomorrow\u2019s very significant NFP figure.<\/p>\n

Here is a roundup of today\u2019s leading events:<\/em><\/p>\n

12:45 GMT: EUR \u2013 Minimum Bid Rate<\/a><\/p>\n

The release of the European Central Bank\u2019s (ECB)<\/a> latest decision regarding its short-term interest rates will no doubt have a heavy effect on the value of the EUR. Predicting the movement of the 17-nation currency following such reports is, however, highly difficult given the volatility typically experienced around this event. Traders should make sure to protect their positions today and expect sharp movements in the market.<\/p>\n

13:30 GMT: USD \u2013 US Unemployment Claims<\/a><\/p>\n

This indicator reflects the number of individuals who filed for unemployment insurance for the first time during the past week, and is considered to be the broadest measure of economic health. If the end result will show a better than forecast figure the USD might get boosted.<\/p>\n

15:00 GMT: USD \u2013 US ISM Non-Manufacturing PMI<\/a><\/p>\n

This indicator measures the level of a diffusion index based on surveyed purchasing managers, excluding the manufacturing industry. As leading indicators of economic health, businesses react quickly to market conditions and this report has a direct correlation with the strength of the US economy. Today\u2019s forecast is for higher growth than last month, indicating that a positive return to economic normalcy is beginning to get underway. Such an outcome should boost the USD.<\/p>\n

Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><\/span>
\n<\/a><\/strong><\/em><\/p>\n

\u00a9 2006 by FxYard Ltd<\/p>\n

Disclaimer: Trading Foreign Exchange carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all of your investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"

The EUR experienced one of its most bullish trading days in recent weeks on Wednesday. The EUR made significant gains against many of its most traded currency pairs, such as the GBP, JPY and USD.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19899","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=19899"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19899\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}