As mentioned in my previous post, China's PMI, which many expected should surpass expectations, did just that and added some more positivity into the market.
To that, european data was not too shabby as well, helping the majors rally against the dollar, besides JPY.
In the US session, US ISM manufacturing and pending home sales were acceptable as well and pointed to slowing contraction in the economy, lifting stocks.
At print, the Dow is up 100 pts.
I hope you have been long on the higher yielding currencies.
Tomorrow will be a data-full day, including Non Farm Payrolls, expectations are for a -370k reading.
Trading should be rangey ahead of that release.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment