Forex Discussion

GVI Forex Discussion PointsThe focus of trade in the latter part of this week has been on the upcoming non-farm payroll report. If the October loss in jobs matches the consensus of “only” -175K (vs. -263K in September) then most will see the data as constructive. Equity markets already priced in a positive number yesterday and the USD has eased a bit with a lag today. With the bias of the market heading into the payroll report positive, the market is at risk of a disappointing report. There is a G20 Finance Minister and Central Banker meeting this weekend in Scotland. Forex will certainly be a topic again, with many upset with the pegging of various Asian currencies to a weak USD. Expect only empty words. Forex