Australian Dollar Volatility to Continue on China, Jobs Data
Forex
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Yuan is Heading Lower How Fast Depends on Next Move in Stocks
British Pound to Lose Further Unless the FTSE 100 Bounces Sharply
Post-ECB Rally Looking Toppy as Euro Data Continues to Disappoint
USDOLLAR Breakout Attempt Fizzles Despite Upbeat NFP Report
Talking Points:
- USDOLLAR Fails to Breakout Despite Upbeat NFP Report; Retail Sales in Focus.
- GBP/USD RSI Pushes Deeper Into Oversold; Another 8-1 Split at the Bank of England (BoE)?
- AUD/USD Continues to Carve Bearish Pattern Ahead of Australia Employment Report..
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Strong NFP Brings Stocks Lower – Good News is Getting Shrugged Off
Talking Points:
-This morning’s NFP report offered a strong beat of expectations with a print of +292k v/s an expectation of 200k. We also saw revisions higher for October (+307k) and November (+252k).
- All in all, this was a fairly positive Read More →