Pound sterling appreciated after the better – than – expected PMI figures
Jan 5th, 2011 | By admin | Category: Technical Analysis
GET 5 Euro FREE FOR INTERNATIONAL CALLS!Today’s Comment If the economic indicators to be released in the US do not disappoint, they may trigger a downward movement of EUR/USD towards our 1-month target of 131.50. Generally, a rally in EUR/USD is not to be expected – in either direction – until we get the employment figures on Friday. The first important indicator will be the ADP employment figures from the US at about noon. Normally the market sees ADP employment as indicative of the important non-farm payroll figures to be released
