Disappointing Non-Farm Payrolls Sends USD Tumbling

[Ramon Ramirez]

The USD tumbled vs. its main currency rivals on Friday, following the release of a worse than expected Non-Farm Payrolls figure which showed that the US only added 69K jobs in May. Analysts had been forecasting the figure to come in around 150K. Turning to this week, traders will want to monitor any US news, including Tuesday's ISM Non-Manufacturing PMI and Friday's Trade Balance figure. Any worse than expected data may lead to fears that the Fed will initiate a new round of quantitative easing, which could result in the dollar extending its recent losses.

(Source:forexyard)

[Tanzil Al Banna]

All news events are not actually important, so I am not interested on all of news events here. But I really respect few news events like FOMC, NFP etc. Usually I close my all trades before those news sessions. In addition, I get all of news updates through active economic calendar of TradingBanks broker, I really enjoy my news trading.