Cable soft ahead of NFP
Updated
Dollar catching a strong bid after yesterday's ECB.
A very dovish Draghi sending shockwaves across financial markets, capital flight to the dollar continues via default as the only game in town.
1.31 was the level to track for the breakdown this week, yesterday we officially broke and now 1.24 is in the scope. For today's NFP we are expecting an inline report, a solid 185k payrolls report with a slight uptick in wages.
Best of luck those already short, we are looking for the home-run here.
A very dovish Draghi sending shockwaves across financial markets, capital flight to the dollar continues via default as the only game in town.
1.31 was the level to track for the breakdown this week, yesterday we officially broke and now 1.24 is in the scope. For today's NFP we are expecting an inline report, a solid 185k payrolls report with a slight uptick in wages.
Best of luck those already short, we are looking for the home-run here.
Trade closed: target reached
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