Forex - Psychology/Strategy for major markets today


 20:28 (GMT) 07 Dec

  [Forex Strategy]

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Psychology/Strategy for major markets today (0101-GQDS-C01)

EUR/USD - Softer US employment data not enough to push the pair back over 1.1400 with any sense of finality, but further weakness in equities can could see the move sustained.

USD/JPY - The trading range has maybe slipped a few points. Harder questions would be asked through 112.00/20.

EUR/GBP, GBP/USD - Plenty of theories about vote permutations and who will lead the UK to Brexit (if anyone!), but we are in no rush to look for a higher GBP. YTD low at 1.2660 just held, but a close over .8940 suggests a wider GBP weakness. Expect relative calm before the Dec 11 key vote.

DJIA, S&P - Payroll details were healthy without being too strong, but trade worries quickly came back. Range floors under pressure.

T-Bond - Negative feedback loop from risk-off fuelling unjustified concerns of a looming US recession via minor curve inversion still needing strong data to be broken after unimpressive US November NFPs.


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