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US Payrolls at 9 Mth Lows, EUR Dragged by RIsk, Latest Trades

by Ashraf Laidi
Jul 8, 2011 16:20

US June NFP showed a paltry +18K vs exp 105K and previous 25K, with rising unemployment rate to to 9.2% from 9.1%. The most straightforward reactionary market move is the decline in USDJPY (always an immediate victim of poor US figures). See our new FRIDAY PREMIUM TRADES, including our longstanding shorts in USDJPY, with special emphasis on silver and EURUSD.

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