Friday, March 09, 2007

Good Employment number.....

The Employment number today came out basically as expected at +97k (estmate +95k), but a stronger revision last month from 111k to 143k sent the futures markets lower. this on the back of a market opinion that the Fed will maintain its status quo approach to interest rates. It seems that the markets was looking for a weak number and since they did not get it, it provided dealers to take some profits on the previous weeks move. I have added to all of my core positions:

Short dollars against
Brazil
Mexico
Argentina

Long dollars against
Singapore
China

and short rates in Mexico,Brazil and Argentina.


Good Luck and Good Forex trading.

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