Friday, December 5, 2008

After Non-Farm Payrolls

14.00 GMT, As we assumed before, NFP figure came up real bad. -533K Vs -340K (forecast). 30 minutes after the release, US dollar is still strong. Stock indexes are deteriorated. And Yen is stronger too. It is unwinding carry trades. The figures did not hit the USD, it hit US Stock index.

That's all, folks,, happy trading

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