U.S. Dollar on the Currency Market

235632 Resource 133535 120646 120646 1246541433274 1246541433274 Controlled U.S. Dollar Higher on Risk Aversion

Spot forex trading with the greenback

The U.S. dollar is higher today on risk aversion, ahead of non-farm payroll data. Yesterday's ADP employment data was disappointing, and today's unemployment numbers are expected to continue driving the rate toward 10%.  In spot forex trading, it will be interesting to see how the greenback trades. GFT's Kathy Lien looks at <a href="http://www.fx360.com/commentary/kathy/1507/us-dollar-trading-nonfarm-payrolls.aspx?aid=5704" target="_blank" title="Kathy Lien, spot forex trading, forex trading, U.S. dollar, forex trading greenback, unemployment, non-farm payroll">how to trade the U.S. dollar using information from non-farm payroll data</a>: <blockquote> If non-farm payrolls fall by more than 500k, the dollar could sell-off initially but then quickly regain footing as risk aversion flows set in. If non-farm payrolls fall by less than 450k, the dollar could initially rally but then give back its gains as risk appetite improves. Anything in between could lead to erratic trading. </blockquote> 9 application/xml false forex trading forex trading greenback Kathy Lien non-farm payroll spot forex trading U.S. dollar unemployment U.S. Dollar on the Currency Market Spot forex trading with GFT http://www.gftuk.com/land/index.asp?aid=53 <object width="300" height="265"><param name="movie" value="http://eplayer.clipsyndicate.com/cs_api/get_swf"></param><param name="flashvars" value="swfHome=eplayer.clipsyndicate.com&va_id=1003847&wpid=2541&csEnv=p"></param><param name="allowfullscreen" value="true"></param><embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf" flashvars="swfHome=eplayer.clipsyndicate.com&va_id=1003847&wpid=2541&csEnv=p" type="application/x-shockwave-flash" allowfullscreen="true" width="300" height="265"></embed></object> Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10.5; en-US; rv:1.9.0.11) Gecko/2009060214 Firefox/3.0.11 GTB5 127.0.0.1 127.0.0.1 mmarquit 63.248.48.57 false true false false true 133535 blog blogsite/GFTUK/web