Archived IMT (2009.06.05)
FOREX GETS IT RIGHT before equities and bonds. Forex initially curtailed its risk appetite trade before equities joined in by sending stocks from +1.2% to -0.1%. The initial reaction in forex, bond and equities markets to the jobs report focused on the smallest job loss in 8 months (-345K vs expectations of -530K), while shrugging the 0.5 jump in the unemployment rate to 9.4%--highest since 1983. But FX later cut dollar losses by 200-pts in minutes, by dragging down EUR, AUD, GBP and CAD. Some analysts are stating the payrolls wqere erroneous according to the BLS birth-death model. USDCAD regains 1.11, GBPUSD tests below $1.60 and EURUSD eyes 1.3970.
Gold Eyes 1680 ahead of G20
by Ashraf Laidi | Feb 21, 2020 18:08
3 Charts for GBP Traders
by Ashraf Laidi | Feb 21, 2020 13:18
Is Yen-Centric Risk Back?
by Adam Button | Feb 20, 2020 17:34
Why the Euro Keeps on Falling
by Adam Button | Feb 19, 2020 16:37
Forex Brokers' Share Price Performance
by Ashraf Laidi | Feb 19, 2020 12:17