why eur/usd rise at 8:30 ET today

Discussion in 'Forex' started by tradeforum, Jun 2, 2006.

  1. Dear all,

    this morning (6/2/06) at 8:30 ET, EUR/USD rise from 1.2830 to 1.2923 in 15 minutes period, i know it caused by unemployment rate report. however, i see the report is 4.6% and is better than last month 4.7%. From textbook I know unemployment rate down, the USD should be rise. Why this morning we have an opposite result, USD DOWN. Do I need to see other data with unemployment rate report together? or I have some wrong sense here? :mad:

  2. JayS


    Payroll's came in at 75,000 compared to the estimated 170,000.
  3. Trend line is broken but the trend is up yet.