Forex Market Low Volatility After NFP Friday
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
As mentioned previously in the blog the first Monday after the Non-farm payrolls report on the first friday of every month (except when the Friday falls on the 1st of the month) is the least volatile trading day. True to from here is the graphical representation of major currency price changes:
To view more instruments you can visit the OANDA Currency Volatility Tool
The EUR recovered slightly after the losses of last week. Positive employment in the United States (+236K) and a lower rate (7.7%) along the strong stock market gains closed the week at a negative for the EUR. The start of the week brought recovery although more likely for the dollar being over bought, as German and French economic indicators continued to be soft.
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