Sometimes I wonder if I’ve learnt anything in my 6o years in the forex markets.
I’ve gone for 1.2100 in the latest EUR/USD poll.
I think nfp’s will come in stronger than the median 100k.
My reasoning for 1.2100 is that such a result will lessen US QE3 expectations and be supportive of the dollar.
I’ve just read a Dow Jones piece which quotes Citibank:
‘It adds that in the case of EUR, a strong employment report may help EUR/USD rally, while a weak report will cause the pair to sell off.’
One of us has faulty reasoning………
I think I need a holiday……