The ADP was only off by about 70,000 last month. Now if the NFP turns out to be below consensus (around 100,000) and prior months are revised down and you can put that together with the last GDP and PCE reports and i guess we will see weaker dollar.
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The ADP was only off by about 70,000 last month. Now if the NFP turns out to be below consensus (around 100,000) and prior months are revised down and you can put that together with the last GDP and PCE reports and i guess we will see weaker dollar.
__________________
Age doesn't always bring wisdom. Sometimes age comes alone.
The ADP was only off by about 70,000 last month. Now if the NFP turns out to be below consensus (around 100,000) and prior months are revised down and you can put that together with the last GDP and PCE reports and i guess we will see weaker dollar.
It seems that the optimism about Friday's non-farm payrolls release could be stronger than most economists and traders may expect. The dollar strengthened for the fourth straight day against the Euro and the third day against the British pound and Japanese Yen. NFP is expected to be around 100,000 while the latest payrolls settled at 88.8k.
I'm waiting for the NFP release and if above 125k ,i will go long on USD.
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The number is less than expacted 88k. It seems that we will see a weak USD in the coming days. I'm already long on EUR/USD and GBP/USD
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I wonder why didn't the euro rise after the release of NFP?
The euro dropped today to 1.3520! it's not news driven. it's value of euro vs usd.
gbp and eur and aud and nzd are all over valued against the usd. we'll see a correction sometime soon to more reasonable values.
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The euro dropped today to 1.3520! it's not news driven. it's value of euro vs usd.
gbp and eur and aud and nzd are all over valued against the usd. we'll see a correction sometime soon to more reasonable values.
__________________
Always forgive your enemies - Nothing annoys them so much.
-----------------------------------
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