Down to a low of 98.81 and I’ve gone long there. In my mind the unemployment rate falling trumps the numbers despite the bad revision. It’s not a good or bad report but as Adam says it potentially adds some ingredients to the FOMC meeting in two weeks
GBP/USD bolted to 1.5681 before falling back. A second run up is also reversing to 1.5644
EUR/USD ran up to 1.3179 but has come off to 1.3150.
AUD/USD breaks 0.9200 to 0.9217 and EUR/AUD falls further down to 1.4260.
Upon further consideration, in my mind these dollar selling moves should reverse. At worse we will go back to pre-release levels and then maybe slip lower. There was a lot of expectation built up and that may start to unfold. If USD/JPY breaks back above the the pre level then that will tell us there is still expectation in the market that is not going anywhere for a while.
