This is the kind of thing someone should go to jail for. Don't you find it interesting that just as the Euro was about to make a possible breakout to the topside that this would hit the wires. Talk about manipulation. I would love to know who makes the decisions to release this. What timing.... just around 9:30 EST I believe. Give me a break . Someone call the cops.
Boston, February 2. EUR/USD remains
on the defensive in the wake of an article from Market News International
quoting ECB sources as suggesting a significant pause could play-out after one
more hike from the ECB in either March or April at the latest. This would knock
one peg out from under the Euro stool, the idea that interest rate differentials
are set to narrow further. Spreads are widening on the report, favoring the USD
by 109 bp in the 2-year maturity, out from 106 before the data.
EUR/USD trades at 1.2982 after a brief run to 1.3065 after the weak NFP
headline.
Boston, February 2. EUR/USD remains
on the defensive in the wake of an article from Market News International
quoting ECB sources as suggesting a significant pause could play-out after one
more hike from the ECB in either March or April at the latest. This would knock
one peg out from under the Euro stool, the idea that interest rate differentials
are set to narrow further. Spreads are widening on the report, favoring the USD
by 109 bp in the 2-year maturity, out from 106 before the data.
EUR/USD trades at 1.2982 after a brief run to 1.3065 after the weak NFP
headline.