All Things Forex Trading Room: What does the Weak NFP Report Mean for the USD?

In the trading room today: What does the Weak NFP Report Mean for the USD? Following yet another disappointing non-farm payrolls report from the United States, we examine how the jobs data in recent months has continued to reduce the odds of a Fed taper announcement in 2013 and what this means for the future direction of the USD, we analyze the bullish breakout in the EUR/USD currency pair, we note the strengthening of the GBP vs USD, we keep an eye on the USD/JPY pair, we highlight the market’s reaction to the U.S. Employment Situation report, we discuss new forecasts from Deutsche Bank and Wells Fargo, and prepare for the trading session ahead.

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