Saxo Bank head of FX trading Dan Juhl-Larsen's latest report on the FX Options space is now live, with analysis of the Turkish lira, the euro, Italy, and more.
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Payrolls matter more for the market than Fed?
Today’s US June jobs report is highly anticipated as the narrative has developed that the data could prove the deciding factor for the size of the coming Fed rate cut at the July 31 FOMC meeting. But the payrolls change number may be more important for tactical traders than the Fed’s decision.
Bullard rains on the USD bears’ parade
The St. Louis Fed’s Bullard rained on the USD bears’ parade by suggesting support for a 25-bps cut at the July FOMC meeting, which kept Fed expectations flat even as Fed chair Powell confirmed a cutting bias and US equities were in for rough sledding yesterday.
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