Sterling Digest, May 4 2012: NFP preview

JOB Toulouse
Jobs remain important catalyst for markets

The spotlight event of the month for the forex markets is today’s US NFP release. As USD sentiment seems to have shifted to fundamental flows rather than risk flows, a disappointing number could weaken the USD. $GBPUSD has found support at 1.6160 all week. US NFP should be a catalyst for further correction or a continuation of the bullish trend.

Image credit

Leave a Reply

Your email address will not be published. Required fields are marked *