Here we are tracking the flow in EURUSD for jobs day. My models forecast 185k on the payrolls with a slight uptick in earnings to 3.3%y/y.
The flight to dollar will continue, there is nowhere else to park. A weak number will inflate the problems in the global economy, a strong number will mean markets have to price in another move from the Fed via inflation.
Resistance will come in at 1.124 whilst to the downside there is little to see till 1.09.
Best of luck those in the markets for NFP.
The flight to dollar will continue, there is nowhere else to park. A weak number will inflate the problems in the global economy, a strong number will mean markets have to price in another move from the Fed via inflation.
Resistance will come in at 1.124 whilst to the downside there is little to see till 1.09.
Best of luck those in the markets for NFP.
