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Dollar overextended – faces event risks this week
It’s a new day and a new week; nevertheless, the overextended U. S dollar ‘long’ positions remain under pressure on this Monday morning, mostly in the wake of the slightly disappointing non-farm-payroll print last Friday. Historically, the first North American session after the jobs release is usually the quietest day of the month, which should give any battle scared investor reasonable enough time to licks their wounds and regroup. The low octane start appears to be more risk averse ahead of the Veterans Day holiday tomorrow. Global markets are likely to be quiet ahead as some U.S investors would prefer to ... (full story)
