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G10 Advancers and Decliners vs USD JPY 0.81 CHF -0.50 GBP -0.79 EUR -0.91 Today’s worse than expected US claims data has paved the way for an extremely interesting non-farm payroll release tomorrow. Initial claims came in at 480k (vs. 460k expected) and there were slight upward revisions to last week’s data (from 470k to [...]
Continue Reading →Markets shift into panic mode and the JPY is taking a stick to the rest of the G-10 currencies. Commodity currencies are the hardest hit. What are we to make of this suddenly ugly situation?
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Continue Reading →The annual revision is just one of many factors that make this particular report on Nonfarm Payrolls very uncertain. Our forecast is -14,000, roughly in line with the ADP Employment Change, which…
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Continue Reading →Risk aversion is returning a bit in the early US session on an ugly jobless claims report and on poor Australia retail sales data overnight. The USD and JPY are moving stronger in response. The ECB’s…
Go to www.tradingfloor.com for Forex, equity and commodity markets. [...]
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