...NFP is lighting the market's crackpipe.
Negative NFP results are weakening the dollar, but initially there was a knee-jerk upward (USD) move due to the news' addition to the already bleak global economy.
Carry-traders are seeing it as positive, as their yield differentials remain, and Bears are seeing it as negative.
Perfect time to jump ship on a Friday! There's most likely more volatility, but it'll probably be illogical and halt at some unpredictable point in the day.
+152 pips
(week total apx. 260 pips)
2.36 R
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment