Payrolls: The risk is all to the upside

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The major risk today is for US payrolls to be stronger than expected. In the aftermath of Hurricane Sandy, the market is primed for a weak report. Reaction to a weak report is likely to be muted, as a result. The risk is that we get a firmer number. The market is not positioned for that outcome.

If we do get a solid report, buying USD/JPY for a quick pop is the play of the day.

11 Comments

  1. Daily EURNZD looks to be setting up for a potential big time Head and Shoulders … to test all time lows.

  2. cad/jpy for me

  3. Jamie: Kudos to you -set USDJPY for 40 TP and it hit WOW

  4. awesome Jamie. usd/jpy is on fire!!

  5. ok, best profit $/second wise last 6 months…

  6. Thanks Jamie, got that USD/JPY X200 leverage..I could only hear the bell..50% tp.

  7. why the hell do you think i religiously browse this site? ;)

  8. Eur/$ struggling both ways, any idea where it’s heading? Thanks.

  9. up; stops tripped… up… imho

  10. You called it again, buddy! Very nice work and much appreciated. Now, if only everyone would listen to you!

  11. @annie: divergence + proprietary indicator say e/u is up to 2949 at least and perhaps 2979 if momentum holds.

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