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Thread: Trend of the Day

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#604 (permalink)

07-01-2009, 09:32 AM

Gregory McLeod Gregory McLeod is offline

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Quote:

Originally Posted by Kimaki

Good morning Greg, Rain in the Caribbean today. Tell me, what in the Non Farm Payroll determines which way the price will move?

I'll take a rainy day in the Caribbean! It printed -345K jobs lost last month. It is forecasted to come in at -360k. If the number comes in 360K or better, look for all currencies to rally against the dollar. If the number comes in worse--more than 360k jobs lost look for a rally in the dollar and yen and a sell off of all other pairs.

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