Once again we will likely see U.S dollar as well U.S equities movement focused on the U.S Non Farm Employment report coming up in the next 15 minutes.
A better than expected number would be good for stock prices, and as we’ve seen the U.S dollar trading along side – one would expect a “beat” to also fuel further U.S dollar gains.
In the current “all is well have no worries” environment currently being sold – I’d be hard pressed to see this number disappoint as the expectations are so ridiculously low.
We can expect a large number of new bartenders and waitresses to be hitting the streets in the U.S soon.
It should do wonders for economic growth.
**** Quick Addition****
I had suggested yesterday that I was “already looking” to get short USD again – and boom! The weakness in U.S jobs numbers has actually put a dint in the “never ending bliss” of the U.S data as of late – and the USD has reacted considerably.
We are currently seeing U.S Dollar AND U.S Equities trading in tandem so……perhaps “now” we finally get the pullback / trend change in stocks, as USD rolls over here AGAIN – and heads for the basement.
I will loo at today’s action very closely – and will not be afraid to start putting on positions AGAIN SHORT USD.
Well I’ll be damned! – Data out of the U.S that “actually” disapoints!
Thanks for the update! I’ll be watching closely today!
J
Hi There, timing is everything I agree, but aren’t you the one who has been saying to short dollar against yen for months now? and its still up there! I hope your upcoming kongometer is better at predicting the turns.
Its up where?
What are you talking about? – how bout $dxy over the past 14 days! as well the “long dollar” trades the prior 14 days.
Perhaps you’re having trouble with the turns. No trouble here.
After dinner with Carol and Dave, I’m a follower….j
Great having you aboard John!
Following you from Thailand.
Right on Keng!
It’s great having you!