Friday, October 3, 2008

NFP... expect no surprise

Dun think the NFP is going to post a +ve number. Think scenario is heavily grey and gloomy for the U.S for now. But dun see usd getting too heavily slammed to break 103.00. Jpy crosses will lead the way a bit to the downside. eur and gbp corrective up will be capped. See thin mkt conditions with lots of volatile swings as expected to end the week. But reckon usd will survive this week into next. Its the eur and gbp that am more concerned abt for next week.

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