February 01, 2013 at 09:19 AM EST
All Eyes On US Employment Data Today
The euro saw a temporary downward correction during morning trading yesterday, following a worse than expected German retail sales figure that caused investors to shift their funds to safe-haven assets. That being said, the bearish movement was only temporary, and by the common currency had recouped virtually all of its losses by the afternoon session. As markets get ready to close for the weekend, all eyes are likely to be on today's US Non-Farm Payrolls (NFP) figure, scheduled to be released at 13:30 GMT. As the most significant indicator on the forex calendar, traders can be sure that the NFP will generate significant market volatility. [More...]
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