* The dollar lost ground against major counterparts following dismal employment data from the ADP. The number of job losses in December is at record low -693K. We don't know what to expect for tomorrow's all-important NFP data, but one thing is for sure; the dollar will get eaten alive should the number is much worse than anticipated. Can't hardly wait for that.
* Seems that the EU zone isn't doing good either. Germany's unemployment rose for the first time in three years whereas EU producer prices fell unexpectedly in November.
* EUR/USD's fall was contained above 61.8% retracement of 1.2329 to 1.4719 at 1.3242 and rebounds strongly. Break of minor resistance indicates that an intraday low is in place at 1.3313 and turns outlook neutral first. (ActionForex)
* Live Trading: None as of now.
1 comment:
Think the dollar will fall tomorrow after unemployment numbers come out?
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