Intraday Market Thoughts

Archived IMT (2009.03.06)

by Ashraf Laidi
Mar 6, 2009 12:01

Although strength emerges in the low yielding JPY and CHF on weak risk appetite following deteriorating damage in US and Asian equities, USD weakens amid expectations of the biggest monthly US job loss in 60 years. Beating the expectations element remains the only source of upside as neither the establishment survey (payrolls) nor the household survey (unemployment rate) show any sign of stability. Expectations point to a 640-680K decline in payrolls from the previous -598K and a 7.9% print in the jobless rate from 7.6%. To ACCESS TODAY's HOT-CHART on GOLD, sign in with your email and password at the top of the website.


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