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.
No comments:
Post a Comment