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This thread was started in response to the Analytic:
EUR Trade Index 18-Year Chart
Daily EURO chart of 18 years of cyclical developments in finance & politics
Sad, but that's the way things seem to be going for USD longs.
I think I'm gonna just trade one lot and dollar short side of the market. MaybeI'll fool them and it will reverse for my other positions..
christmas santa reserve HAS already passed.
coronation street.
We'll find out in an hour
Last three months average job gain is 32k, the forecast is just 10K - an easy number to beat and force a rally to 94.
last month the forecast was +5k and the actual was +32k. However, AUDUSD rallied about 80 points over the day before coming back in the next 2 days. But do remember in early Dec we were in a USD bull phase - now it appears we are not - so a a good beat could take it to 94 or more.
we will know in the next 55 mins
cheers
vik
Aussie jobs had 3 straight mnths of postv job growth. i expect surprise job loss & unemploymnt 5.9%. i dont usualy forecast macro econ indicators but US and Aussie jobs are sometimes and exception.
Also, my studies of Aussie emplmnt 3-month avg shows similar patterns to Oct-Sep '01. expect spike in unemp rate in Dec.
Ashraf
Seems like every "major" economic report lately has been pro-usd selling. Hopefully time for a change.
I expect 50 pip move from aussie either way.
I've seen "reversal" days start in asia which can be just as punishing the other way. Gbp had LOTS of assistance from eur/gbp on it's rise yesterday. The only chance it has of continuing it's march is if euro catches a bid and it rides its coattails.
Ashraf says usd still hangin' in. Spectator calling for 80 on dollar index.