The analysts got it wrong.

The biggest report of the month -- the Nonfarm Payrolls Report -- was released on Friday, March 7th. Analysts expected a modest increase in the number of jobs created. Most figures predicted around 20,000 new jobs for February.

But the analysts got it wrong.

The Payrolls figure actually fell by 63,000 jobs in February. This is the third consecutive month that the number of jobs has decreased. This employment figure is now at a 5-year low.

Here are two more forecasts:

1. The Fed will cut interest rates again in a vain attempt to stimulate the economy.
2. The USD will dip for the rest of the day, but will gain a bit of upward momentum when the Forex market reopens on Sunday. The USD and Euro will be very active during the US trading session.

The Forex market can surprise even the experts. It is essential to manage your risk and protect your account in anticipation of these types of surprises. Many traders will not have open trades when the Nonfarm Payrolls Report is released. But mistakes can happen. And mistakes can deplete your account. Remember to protect against losses.

This is such an exciting market. Let's look forward to the inflation figures coming next week.