Friday, November 02, 2007

Employment Day......

At 8.30 Eastern Time today we will have the latest installment of U.S. Employment data. The Canadians put their numbers out earlier and it was stronger then expected. Couple this with Fed comments after their meeting earlier this week (they must have an idea of what the number will look like) and I am expecting a number on the stronger side. But what do you do with this? I think stocks will trade on the heavy side, as the market takes this as a clue that the Fed will not ease again this year. EM has held up remarkably well and baring a complete meltdown in the U.S. economy I expect them to continue trading firm.

Good Luck and Good Forex trading.



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