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Thread: Discuss the GBP/USD with a DailyFX Analyst

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#9094 (permalink)

07-02-2009, 07:44 AM

insider26

Member

Join Date: May 2009

Posts: 61

insider26 is an unknown quantity at this point

doller will rally today

Important Read: ECB press conference and US jobs due at the same time (12:30 GMT), with Trichet expected to talk more about last weeks 1-yr auction (EUR-negative. We expect payrolls at -425K, worse than the expected -375K and unemp rate at 9.3%, which could end up further propping the dollar on deepening risk aversion. Oil falling for the third straight day (longest string of losses since Apri), risking to breach below $66 and onto 64.90. USDCAD seen regaining 1.1580 and 1.1620. EURUSD seen testing 1.3880 and cable at 1.6270

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