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.
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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