Sequential Trades leading to NFP & Unemployment Data:
On the Fundamental stand point: the doom and gloom reports on job cuts in the news wires prior to today's much anticipated NFP numbers of 146,000 jobs added and unemployment data at 7.7% (lowest since 2008) beating market expectations have finally put most naysayers to silence.
On the Fundamental stand point: the doom and gloom reports on job cuts in the news wires prior to today's much anticipated NFP numbers of 146,000 jobs added and unemployment data at 7.7% (lowest since 2008) beating market expectations have finally put most naysayers to silence.
The overwhelming & unexpected data from both reports have benefited the USD and investors risk appetite. Of course, there will always be a contrary and counterpart opinion in all this pleasant reports. Which in fact, only boils down to the Fiscal Cliff and the Fed's policy on whether adding additional asset purchases would continue to boost the US economy. With the news now out of the way, the focus would be the FOMC meeting heading into next week with a better looking labor market report. Weighing market sentiments comes into play once again will head towards how the technicals would paint the charts at the closing of this week's trading.
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