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BadRuski · 05-11-2003, 02:51

Hello,

I think there won’t be many changes in EUR/USD ahead of key U.S. payroll data on Friday. Usually unemployment figures lag behind any recovery, so the market may eventually be very disappointed with what they see on Friday… And the pair that will suffer most in this case I think will be USD/CHF which sits kind of uncomfortable on its recent highs.

Interesting –> Daily Currency Briefing from Commerzbank:

“The USD bid tone may last a couple of days yet, but as expectations are cranked up for Friday’s numbers, the week could end just as volatile as it began.”

Regards,

B.R.

05-11-2003, 02:51	#25 (permalink)
BadRuski level 3 Join Date: Jul 2003 Posts: 114 Rep Power: 0	Hello, I think there won’t be many changes in EUR/USD ahead of key U.S. payroll data on Friday. Usually unemployment figures lag behind any recovery, so the market may eventually be very disappointed with what they see on Friday… And the pair that will suffer most in this case I think will be USD/CHF which sits kind of uncomfortable on its recent highs. Interesting –> Daily Currency Briefing from Commerzbank: “The USD bid tone may last a couple of days yet, but as expectations are cranked up for Friday’s numbers, the week could end just as volatile as it began.” Regards, B.R.