Featured \Nick Nasad \ 4:21 PM EST \ September 3rd, 2010
Today’s US jobs data – while not great by any stretch of the imagination – did help ease some of the more pessimistic outlooks about the US as not only did the economy have a better number of private jobs created in August, the upward revision for June and July were a welcome sign. Stocks were up as was risk appetite, meaning our commodity currencies tied to global growth like AUD, CAD, NZD jumped, as did higher yielders – the EUR and GBP. Safe haven currencies like JPY, CHF, and USD weakened.
DRodriguezFX: Automated trading strats never going to have the same vision as human eye. Stop on that EUR psn is 1.3152, but no major levels there. 16 minutes ago from TweetDeck
DRodriguezFX: I like the risk/reward on a short-term EURUSD position here. Stop below morning low of 1.3242, initial target of range high of 1.3285. 31 minutes ago from TweetDeck
DRodriguezFX: In short: COT data still shows an overhang in USD-long positions vs EUR, and options traders betting on/hedging against EURUSD strength. 1 hour ago from TweetDeck
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Daily Video Recap: August Jobs Report Boosts Stocks and Risk Appetite
Featured \ Nick Nasad \ 4:21 PM EST \ September 3rd, 2010Today’s US jobs data – while not great by any stretch of the imagination – did help ease some of the more pessimistic outlooks about the US as not only did the economy have a better number of private jobs created in August, the upward revision for June and July were a welcome sign. Stocks were up as was risk appetite, meaning our commodity currencies tied to global growth like AUD, CAD, NZD jumped, as did higher yielders – the EUR and GBP. Safe haven currencies like JPY, CHF, and USD weakened.
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