There is always a price for promises you don't keep!
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Market Primed for Upside NFP Risk?
Big picture, the markets are torn between the recent run of better than expected US data which has raised expectations for the payrolls number this morning, and worries about the euro-zone debt and health of European banks (UniCredit and Deutche etc). So far this week the dollar has been the big winner. Yesterday, it managed to get a boost from both sets of US employment data and push the EUR down-1% intraday. Until recently, signs of economic growth would be dollar negative; however, Euro at 16-month lows on refinancing concerns has the currency better bid. Glum headlines from the Euro-zone include Italy’s ... (full story)
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DragonFire
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