Archived IMT (2009.05.08)
US April jobs report largely within expectations; payrolls -539K vs exp -663K, unemployment rate rises to 8.9% from 8.5% (highest since Sep 83). Dow futures ease of ftheir highs from +116 pts to +75 pts, with hourly chart on Dow futures signalling further declines towards 8,420 from current 8,500, but these losses are not enough to dampen risk appetite, hence, the broad decline in USD. EURUSD breaks above 200-day MA to $1.35, eyeing 1.3530, followed by 1.3580 (50% retracement of the decline from the 1.4710 high to the $1.2450 low. But any deterioration in equities may drag USDJPY to 98.60 and EURUSD back to 1.3410.
Reality Check Pre Jobs
by Adam Button | Dec 6, 2019 12:37
Kushner a Tell?
by Adam Button | Dec 5, 2019 11:11
GBP Breaks out, USD Hurt
by Adam Button | Dec 4, 2019 14:38
Time for the Pre-Santa Selloff
by Adam Button | Dec 3, 2019 12:55
USD Pauses, Key Levels Pre ISM
by Ashraf Laidi | Dec 2, 2019 13:51