We said this morning that we expected low NFP number due to the high number of Covid-19 cases in December.  This turned out to be the case with 140 thousand jobs lost last month in the US. The loss was the first since April last year but wasn’t a surprise. We have pointed out earlier that the trend has been down in the US and now that the number of Covid-19 cases was on increase in December it was widely expected that the number will be quite low. Analyst consensus remained rather positive (as they tend to be) expected to see a positive month with 50K jobs added. This disappointment sends a message to the US lawmakers to hurry up with a further economic stimulus for the ailing US economy. EURUSD has rallied to our resistance at 1.2280 but wasn’t able to push through the level on the first attempt. See today’s Price Action Analysis video for two potential price action scenarios for EURUSD. We do not provide investment advice. Read the disclaimer at the bottom of this page. 

Open a VIP account now at www.TIOmarkets.com. We want you to be able to exploit trading opportunities in financial markets with 0 commission and tight spreads. Take advantage of the best trading account in the industry: Tiomarkets VIP Black. For more details on this truly exceptional offering see here. For more analysis and commentary, visit our YouTube channel where you can find daily market commentary videos to support your learning and growth as a trader.

Trade Safe!

Janne Muta
Chief Market Analyst

TIOmarkets offers exclusively consultancy-free service. The views expressed in this blog are our opinions only and made available purely for educational and marketing purposes and do NOT constitute advice or investment recommendation (and should not be considered as such) and do not in any way constitute an invitation to acquire any financial instrument or product. TIOmarkets and it’s affiliates and consultants are not liable for any damages that may be caused by individual comments or statements by TIOmarkets analysis and assumes no liability with respect to the completeness and correctness of the content presented. The investor is solely responsible for the risk of his/her investment decisions.

The analyzes and comments presented do not include any consideration of your personal investment objectives, financial circumstances or needs. The content has not been prepared in accordance with any legal requirements for financial analyzes and must, therefore, be viewed by the reader as marketing information. TIOmarkets prohibits the duplication or publication without explicit approval. FX and CFDs are leveraged products. They are not suitable for every investor, as they carry a high risk of losing your capital. Please ensure you fully understand the risks involved.

Best pair to trade today Best stocks to trade right now Best time to trade Best time to enter a trad

Janne Muta

Write A Comment


Get our latest market analysis by email, daily