The Traderszone Network

Published in TZ Latest News 2 May, 2014 by The TZ Newswire Staff

Market In Holding Pattern Ahead Of Jobs Data

Another day where the taken for granted overnight futures levitation is missing (despite a rather rampy USDJPY), indicates that algos are likely waiting for guidance from today’s NFP data (buy if beat, buy more if miss) before committing monopoly money. The consensus for today’s NFP is 218K, (up from 192K), although as Goldman notes the whisper number is as high as 240K.

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