Intraday Market Thoughts
Risk Currencies Stabilize After Aussie Jobs Rebound
by
Jul 7, 2011 4:05
Risk currencies are being led by the Aussie after bigger than expected 23.4K increase in June jobs and robust showing in full time jobs as well as 4.9% unemployment. As we approach the ECB decision, there are all sorts of analysis and if, then scenario analysis regarding a rate hike, no rate hike and use of vigilance phrase, which complicates the prediction for the pair. Yet, JC Trichet could well raise rates and simultaneously issue a cautious outlook for the Eurozone. That is why we issued a DOUBLE TRADE in EURUSD for our Thursday Premium Edition, along with new trades in
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