Any event risks coming up to spook the market? Oh yeah, consumer credit tomorrow…
What? Payrolls? Oh yeah, that too.
EUR/USD and cable, the two risk barometers of late are trading with an easier tone as the market gets back closer to a square position ahead of tomorrow’s data. Some of the profit-taking is calendar-driven and some based on the stall in bullish momentum late in the week.
Watch your trendlines!
