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Plenty To Ponder
Friday’s US jobs data arguably shouldn’t deter the Federal Reserve from its current course. Friday’s assertive action by the Bank of Japan to push-back against a rise in 10-year JGB yields should have reminded traders that while other central banks are becoming hawkish, the BOJ is not. Traders can draw their own conclusions about the[…]
It’s NFP Day!
Economists polled by Reuters expect the US nonfarm payroll figure for June, to be released at 1330BST, to show a 179,000 rise in US nonfarm payrolls (NFP) after May’s increase of 138,000. Remembering that the May number came in substantially below forecasts, traders might wonder if it is a case of hope springs eternal for[…]
ECB Paper Chase Could Support Taper Arguments
European Central Bank (ECB) Chief Economist Peter Praet may have spoken dovishly on Tuesday but that didn’t stop US bank Morgan Stanley writing on Wednesday that “EURUSD has started to correct its latest bull sequence from the April 1.0570 low, which is expected to take time but not move much on price. We would not[…]