From Nomura: Our analysis suggests that the variable survey interval remains an issue for the month of April and could bias the forthcoming nonfarm payrolls number upwards by 40-70k. As such, we have raised our forecast for growth in nonfarm payrolls to 270k from 210k to take into account this “April bias”. However, this change in our forecast does not reflect a change in our assessment of the underlying momentum in the economy, only a reassessment of residual seasonal patterns in the establishment survey.
21:18:02
Despite soft data and price action, the USD is holding in against most of G10. For some, it’s not by much, but winning is still winning.
· EURUSD: Turnover nearly twice the recent average, biased 51% to selling led by leveraged and banks.
· AUDUSD: Nearly average turnover, biased 51% to selling led by leveraged and banks.
· NZDUSD: Turnover twice the recent average but no bias. Real money selling, while leveraged buying.
· GBPUSD: Strong turnover, biased 57% to selling led by real money.
· USDCAD: Nearly average turnover, biased 54% to buying led by broad interest.
· USDJPY: Very low turnover, biased 51% to buying led by banks.
· USDNOK: Some turnover, biased to selling.
· USDCHF: Low turnover, biased to buying.
21:18:02
Despite soft data and price action, the USD is holding in against most of G10. For some, it’s not by much, but winning is still winning.
· EURUSD: Turnover nearly twice the recent average, biased 51% to selling led by leveraged and banks.
· AUDUSD: Nearly average turnover, biased 51% to selling led by leveraged and banks.
· NZDUSD: Turnover twice the recent average but no bias. Real money selling, while leveraged buying.
· GBPUSD: Strong turnover, biased 57% to selling led by real money.
· USDCAD: Nearly average turnover, biased 54% to buying led by broad interest.
· USDJPY: Very low turnover, biased 51% to buying led by banks.
· USDNOK: Some turnover, biased to selling.
· USDCHF: Low turnover, biased to buying.
. Got 1,1364 - very strong in my charts and 1,1409 on the road. Here now also 1,1336 small S/R. Would love to get a chance for reload. GBP unfortunately getting sold, so GU trades kinda stuck now.
