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Currency Strenght

Friday, 7 June 2013

Gold & non-farms

Non- Farm Payrolls set to be released 13.30U.K. times todayActual:           Consensus     170K   Previous 165kLooking for a sweet spot 167k

To good may be seen a negative because US FED 
may Tapper back QE policy

If it’s too bad this can be seen as negative for US 
economy jobs may slack off
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Major volatility Seen in currency markets yesterday EUR/USD, GBP/USD, EUR/JPY


Mario Draghi say’s we are ready for negative interest rates if the economy requires

Negative interest rates (if euro zone data continues to disappoint)

(Which means the banks will have to pay the ECB money to bank with them) but people will be able to borrow at a cheaper rate)

I guess what they are trying to do is increase growth in the Euro Zone

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