Risk Currencies Stabilize After Aussie Jobs Rebound

Risk currencies are being led by the Aussie after bigger than expected 23.4K increase in June jobs and robust showing in full time jobs as well as 4.9% unemployment. As we approach the ECB decision, there are all sorts of analysis and if, then scenario analysis regarding a rate hike, no rate hike and use of vigilance phrase, which complicates the prediction for the pair. Yet, JC Trichet could well raise rates and simultaneously issue a cautious outlook for the Eurozone. That is why we issued a DOUBLE TRADE in EURUSD for our Thursday Premium Edition, along with new trades in

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