DLRx 101.75 / 10-yr 3.846 at 11.12nyt
Concensus says nothing more important this week than Fr’s NFP for market to re-asses FED,s expected rate action on sept 18th which, sofar, have not changed.
In reference to current DLRx’s enthusiasm: puppy s showing a (little) bit of leg and may continue to bounce a little more higher still. But … the dollar is subject to us int rates which, under current market mood, are a counter weight.
12:45nyt – ECB nagel yaks
EURUSD 1h
Strategy that I posted yesterday worked more than well today.
Pair came exactly to the Support line at 1.10340
Resistances : 1.10450, 1.10600 & 1.10800
If Support is taken out, we can expect 1.09850 to be seen.
A look at the day ahead in U.S. and global markets from Mike Dolan
Wall Street gets September off to a late start with a holiday- shortened week that focusses squarely on the U.S. jobs market after last month’s unemployment rate scare sparked a mini panic.
Critical to that thinking will be the August payrolls report on Friday, with consensus forecasts for a pick-up in jobs growth to 160,000 last month and a retreat in the jobless rate to 4.2%.
Before then we get a whole heap of other labor market soundings – private sector surveys and layoffs data for August, July job opening numbers and another weekly jobless readout.
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