No-one was expecting that US Jobs Data number! LTG GoldRock Reviews

204k jobs created in the USA in the month of October was a genuine surprise given most leading economists expected around the 125k new jobs last month. This result instantly sent the 10 Year US Treasury Yield higher to 2.75% and at the same time pushed the US Dollar higher. Both the Aussie and Kiwi Dollars fell a full cent on the news (100 pips) as traders on Friday considered a December taper rather than March 2014.

Of course one month of better than expected jobs data doesn't make a trend but it certainly will see traders continue to watch the US 10 Year Treasury Yield and any move higher will more than likely send the US Dollar higher also. When the Aussie Dollar and Kiwi Dollars were at their lowest this year the US 10 Year Treasury Yield was touching around 3%, so if it trends higher back to these levels you can expect to see the Aussie and Kiwi Dollars trend lower against it.

When learning to trade Forex it's important to look at the bigger picture and understand how the markets work. LTG GoldRock Reviews the Forex news daily in the GoldRock Insider Report by Andrew Barnett.