The brooms are out and today's news is already used chip paper it seems
JP Morgan say the jobs report was disappointing but they keep their call for a Dec hike
Barclays keeps its call for a March hike and put the blame for weak wages and payroll growth firmly at the door of a weakening of activity abroad. They add that a pick up in financial market volatility weigh on a demand for labour
SocGen see the jobs numbers as transitory, similar to that seen at the start of the year but that it may take a few months to get confirmation of that
USDJPY continues to pull itself back up the cliff and has risen to 119.73. I might close my longs here or stick a stop in at 119.45 to lock in my profit
GBPUSD is holding pretty firm and further confirming that the worm might be turning on the bearish run
I'm just waiting for EURUSD to have a decent slip before getting out of that short. I'm looking for closer to 1.1200 but that might be wishful thinking
Yet again we've seen the dollar come marching back after bad data and as the market asks if things have really got so bad. The problem is that you need a few of these bad reports to really turn a tide