The recovery of the US dollar has taken a pause in the wake of the FOMC decision, however could a potential pick up in wages trigger the next bull run? It is interesting to see that Treasury yields have dropped back after the Fed signalled a willingness to allow inflation to run a touch hot in its recent statement (via use of the word “symmetrical”). However, we quickly now turn to the Non-farm Payrolls report today in which the bulls will be looking for signs of building inflation. Headline payrolls fluctuate from month to month and the algorithm-based trading systems react quickly, but ultimately the market is ... (full story)