SaxoTV

Hardy: USD pushing on key breakout levels in EURUSD and USDJPY

666 views
November 04, 2015 adp, adp employment, breakout, employment, euro, eurodollar, eurodollar levels, eurozone, eurusd, foreign exchange, foreign exchange market, foreign exchange strategy, forex, forex buying, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex trade idea, forex trading, fx, fx crosses, fx forex, fx investing, fx market, fx markets, fx options, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trading, fx volatility, ism, ism data, ism non-manufacturing survey, ismmanufacturing, japanese yen, key levels, nfp, nfps, non farm, non farm payrolls, non farms, non-farm, non-farm payrolls, non-farmpayrolls, non-farms, nonfarm, nonfarm payroll data, nonfarm payrolls, nonfarmpayroll, nonfarmpayrolls, nonfarms, saxo, saxo bank, saxo tv, saxo tv trading floor, saxotv, technical levels, trading, tradingfloor, tradingfloor.com, tradingfloor.com saxo tv, united, united states, united states of america, us, us data, usd, usdjpy, usdjpy currency, usdjpy trading
Saxo's John Hardy discusses key US data that's out this Wednesday ahead of the nonfarm payroll figure on Friday. This includes the ADP national employment report and the ISM non-manufacturing survey, which is the largest of its kind of the US services sector.

Hardy is expecting a breakout, possibly in the next few hours, in both EURUSD and USDJPY as we get closer to key technical levels thanks to the dollar. He believes traders are being too cautious at the moment in selling the Japanese yen and thinks we are at a technical tipping point.