Dollar: How Could it React to Non-Farm Payrolls?
January 06, 2011 at 12:04 PM EST
The forecast for non-farm payrolls is 150k. The whisper number is 500k. Such a wide range of forecasts means that SOMEONE will be surprised. Expect tomorrow to be a crazy day. Here’s my scenario analysis for non-farm payrolls: The 580k hyperbolic forecast has caused many foreign exchange traders to position for a very strong non-farm [...]