Get ready for a bad number and a e/u that hits 1.3050 shortly after.
Itís A Hope And A Prayer For NFP
A less dovish Draghi came and went yesterday. The Bank of England stood Ďpat,í while the Bank of Japanís Kuroda delivered. EUR positions have been squeezed on either side of the current range, but a surging EUR/JPY has left the Ďsingleí currency net higher ahead of todayís US payroll release. A percentage of the market is now expecting an increase in outflows from Japan Ė triggered by the BOJís decision to effectively crowd the domestic investor out of any new JGB issuance Ė will prove even more supportive for the 17- member currency. With Sterling the market was initially unsure, however, their March service PMI beating expectations may end ... (full story)
- Posted: Apr 5, 2013 6:53am
- Submitted by:Category: Fundamental AnalysisComments: 4 / Views: 2,478