USD JPY CAD GBP PRICE ACTION MOVES FROM RELEASE OF JAN 2021 U.S. jOBS REPORT

Published Feb 13, 2021 2:30 pm EST
by Richard Cason,

The Non Farm Payrolls for January 2021 came in adding 49,000 jobs to the U.S. Economy, but failed to meet the expectations of leading wall street economist who predicted 50,000 jobs. Be sure to read the Full January 2021 NFP’s Story.  The January jobs report survey impacted traders sentiment sending the dollar lower against the basket of its rivals.   The Fifteen minute currency charts below clearly illustrates how USD weaken from the after math release on the intraday American trading  Session.  USDJPY, USDCAD, GBPUSD, EURUSD.

FOREX PRICE ACTION FROM 8:30 AM RELEASE OF JAN 2021 NON FARM PAYROLL

USDJPY the JPY strengthen against the USD immediately after the news release causing the pair to retreat from a high of 105.745 to a low 105.406.

USDCAD spiked to a high of 1.2835 prerelease of the news and then  displaying immediate CAD strength whipsawing to  a low of 1.2772 a bearish 60 pip move to the downside.

GBPUSD price action move GBP strengthen against the USD after the news release price pushed up a from a low of 1.3690 to a high of 1.3740 a 50 pip bullish move to the upside.

EURUSD price action move EURO found strength against USD price pushed up from after math of the news release from a low of  1.980 to a high of 1.2035.