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Special Report - Can Markets Trust the NFP Data?

posted by Avatar fx360 1417 days ago in Technical, Special

Yesterday the ADP number forecast an increase in US unemployment rolls of -473K versus current market expectations of -374K print. After faltering for about thirty seconds, the currency market dutifully ignored the data and commenced a day long rally in risk currencies on the assumption that ADP’s forecast record is patchy at best. It is easy to
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