In the weekly interview on Forex TV, I spoke with Julie Sinha about this busy week with Non-Farm Payrolls providing the big bang.. There are still chances of a coordinated intervention in the Japanese yen, the Euro bears are getting stronger on risk aversive trading and the Aussie expects a very busy week, with upside prospects.
Another comment about EUR/USD – it fell under a short term uptrend channel on the gloomy trade on Monday. The markets will be in full gear tomorrow as British bankers return from their holidays, and the economic calendar gets very very crowded.
Wednesday has some of the keys for the NFP, with the Manufacturing PMI and the ADP Non-Farm Payrolls to supply clues, especially on the private sector.
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