Monday, February 2, 2015

First week of February is full of fundamental data

This week we have scheduled some very important fundamentals that could make volatility rise once again in the markets. On one hand, we have the PMIs from the United States, we also have the rate decision and statement from the Bank of England. Lastly, on Friday we have Non-Farm Payrolls out of the US, this piece of data is very important and it could create high volatility in the markets. It is expected that the US economy created 231,000 new jobs during the month of January. If the reading comes out better than expected, then the greenback could strengthen and the EUR/USD could reach new lows.


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