Intraday Market Thoughts

Archived IMT (2009.04.03)

by Ashraf Laidi
Apr 3, 2009 14:01

The good news is that the US jobs numbers were in line with expectations (8.5% unemp. rate and -663) payrolls, the bad news is that the revisions have shown a deterioration. The 741K decline in January was a sharp revision from the prior -655K. Interestingly, the US unemp. rate is now above that of Germany's.. a sobering way of measuring the macroeconomic damage in US Main Street. USDJPY pushed father beyond 100 but higher targets are found in todays Hot-Chart. USDCAD faces upside potential towards 1.2500.


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