Friday February 3, 2006 - 11:45:07 GMT
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Black Swan Capital - www.blackswantrading.com
Non-farm Payroll looms...
â€śAs millions of individual investors become economic activists, their collective activities tend to become chaotic.â€ť
F.J. Chu, The Mind of the Market
Non-Farm Payroll may loom large:
Most of the time we place too much emphasis on the plethora of economic reports thrown onto the market day in and day out. What we think is â€śbig newsâ€ť for our currency position is often quickly reversed after the knee-jerk move. But todayâ€™s US Non-farm payroll could be different. It may set the stage for a multi-week move. A blowout US jobs number could plant the seed of expectation that the Fed is far from done. The dollar yield appeal would be back in vogue.
Black Swan Capital
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