The dollar certainly had a significant wobble yesterday after the weaker than expected readings on the ADP employment report and also a fifth straight month of decline on the ISM Manufacturing. The immediate concern is over what this could mean for Non-farm Payrolls tomorrow, however also the concern for the upcoming earnings season and across how it impacts on the potential for a Fed rate hike. The main beneficiaries were the commodity prices which resulted in big jumps in gold and oil. Equity markets took the news reasonably negatively but Wall Street managed to claw back some losses into the close. The S&P 500 ... (full story)