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FX.co ★ Fundamental Analysis for January 6, 2012

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Forex Analysis:::2012-01-06T15:24:38

Fundamental Analysis for January 6, 2012

Arrives the key day of the week, the first Friday of the month is known for the December jobs data U.S.A.
And while many celebrate in advance a very good figure, on Thursday after publication of an increase of 325 private jobs, it is desirable to retain cautious.
Moreover, it is believed that the unemployment rate could rise again, after his abrupt and healthy low last month.
What is the truth? We will see in a few hours, promptly at 8:30 Eastern. What is tangible and certain is that the world's largest economy has improved and the employment variable, basic and fundamental.
The market, in the hours prior to the report, show the same behavior every month, virtually no movement, and short-term trends are the same as during the previous day.
Expect strong motion data at the time of employment. In this context, the dollar remains strong against most leading currencies, with emphasis on the intersection EUR / USD, which has a strong downtrend.
Also the British pound has fallen deeper than usually on Thursday, and it acted especially low versus the yen.
At the moment, we only have to wait for the release of employment data, and then see the interpretation thereof by investors on Wall Street. At the opening will be the first reaction, and after noon in New York there will be the definitive trends of the day. In any case, we should remember that, for example, the euro tends to close the day against the dollar in the same area where they traded before the report.

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