With any luck, the market may have shot all its bullets for today and we will have a few hours of backing and filling before calling it a week.
EUR/USD is trading in the 1.4250 area while cable has dipped back below 1.6700. AUD/USD is in the 0.8820s after failing to overcome 0.8338 resistance.
Obama just finished some comments on the economy, saying next week’s unemployment report will show far too many have lost their jobs ( a safe bet when even one last job is a “tragedy” to a politician when cameras are present..) and that he is guardedly optimistic about the economy after noting the recession was deeper than first though.
