Video EURAUD bearish technical setup ahead of NFP ISM PMI

Blue avatar for FOREX.com guest contributors
By :  ,  Financial Analyst
  • Two major key U.S. economic data releases for today; Non-farm payroll data for Oct out later at 1230 GMT follow by the ISM Manufacturing PMI at 1400 GMT that assesses the health of the U.S. manufacturing industry. These are key economic data releases that can trigger volatile movement in the FX market if such data come in either below or above consensus forecasts due to its impact on future Fed monetary policy. 
  • An interesting short to medium-term technical set-up has been detected on the EUR/AUD cross pair ahead of these data releases.

Related tags: EUR Forex Video

Open an account today

Experience award-winning platforms with fast and secure execution.

Web Trader platform

Our sophisticated web-based platform is packed with features.
Economic Calendar