interest rates : rates to remained unchanced
tone : i expect the tone to be bearish with recent deterioration in data
signal mkt is looking : market is looking when rbnz will raised rates next, i believe they may not raised rates this year hence negative for kiwi
our view : bearish tone Hence Bearish NZD .
IMPORTANCE : positive data can put pressure on FED to raise rates in future ,
market expectation : Forecast is for positive nos , at 226k ,
risk : non farm nos are always notorious there is always great divergence between actual and forecasted nos.
average pip movement : 30-100 pips movement happened due to ...
RECENT action suggests market is positioning for a big move in todays conference
Data : Weak inflation , retail sales , business confidence nos will put pressure on ECB to act
market expectation : market is expecting ECB to take action either by lower rates or some other measures.
imp : remember shorts position ...