Featured \Nick Nasad \ 2:14 PM EST \ March 5th, 2010
Recap: With the US economy losing less jobs in February (-36K) than expected, and the unemployment rate remaining at 9.7%, the forex market showed risk appetite helping to boost higher yielders and commodity/growth linked currencies like the Australian Dollar. The Yen, reclaiming its mantle as top funding currency of carry trade slid during the day.
alaidi: Pretty much replicated $EURUSD shorts on Thurs nite as on Tue; results were the same, peaks at 1.32 back to hit 13080s targets #forex 5 hours ago from TweetDeck
kathylienfx: Co-chairs of Greek Creditors Committee flying into Athens this w/e - either tough decisions need to be made or a deal is ready to be closed 18 hours ago from web
JohnKicklighter: ...great quote from Sebastien Galy at Soc Gen in that article, “The SNB’s hand is being forced and it will likely be fairly brutal.” 18 hours ago from TweetDeck
JohnKicklighter: According to a good FT article on SNB political pressure for solid intervention, the options market is pricing in a 30% chance of 1.20 break 18 hours ago from TweetDeck
JohnKicklighter: That's a hearty drop in net dollar long interest from the COT figures. Good indicator for establishing a time frame for dollar's tumble. 18 hours ago from TweetDeck
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Daily Video Recap: Less Jobs Lost Than Expected, Risk Appetite Favors Higher Yielders
Featured \ Nick Nasad \ 2:14 PM EST \ March 5th, 2010Recap: With the US economy losing less jobs in February (-36K) than expected, and the unemployment rate remaining at 9.7%, the forex market showed risk appetite helping to boost higher yielders and commodity/growth linked currencies like the Australian Dollar. The Yen, reclaiming its mantle as top funding currency of carry trade slid during the day.
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