Today there is a very big announcement that will greatly affect the USD. This announcement is released monthly, usually on the first Friday after the month ends.

It checks the Change in the number of employed people during the previous month, excluding the farming industry.

Traders take this announcement very seriously because Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity.

Make sure to follow this announcement today at 8:30am Eastern Time.

 

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Most of the world’s stocks fell today while investors are waiting the US jobs report. The jobs report might reveal whether the Federal Reserve’s decision was justified or not.

"Friday's jobs report will be of great interest to assess the psychology of the market," said Chris Weston, chief market strategist at IG in Melbourne, Australia. The Federal Reserve's "safety net isn't there anymore and fundamentals should matter more now," he said. "A poor number will really paint a clearer picture about whether the market is ready to revert to a more traditional stance and potentially sell-off on bad news and rally on good news."

 

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The dollar rose to a seven-year high against the Japanese yen on Wednesday after a victory by Republicans in the United States' mid-term elections raised hopes for an easing of political gridlock in Washington, boosting sentiment for riskier assets.

The euro's struggles continued, though, a day ahead of a European Central Bank meeting, and it hit a two-year low against the Swiss franc.

The yen was also weighed down by comments from Bank of Japan Governor Haruhiko Kuroda, who said the central bank is ready to do more to hit its 2 percent price goal and boost the economy. Kuroda stressed the BOJ is determined to do whatever it takes to hit the inflation target in two years and vanquish nearly two decades of grinding deflation.

 

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How I Made Over $30,000 a Year by Investing in Binary Options

 

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You can access the forum by registering and then clicking on ‘forum’ in the top menu, or using this link: http://www.signalsbinary.com/index.php?option=com_discussions&view=category&catid=2:All%20about%20Binary%20options

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