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Comment
Market has been a mess today looking at liquidity and correlations.
Nothing makes sense ahead the Non-Farm-Payrolls tomorrow as usual which is why I will stay out for today.
I overall expect manipulation of MAJORS by the market ahead our important event due to the low volume. There is currently absolutley no reason why the US-DOLLAR should fall like now considering that YIELDS, Stockmarket and Commodities are all stable or more kinda bearish.
Japanese YEN had a very strong impulse today showing demand even though stocks are not falling (pre-indication for hedges)?
Institutional traders are overall more bearish on pairs like EUR/USD and probably push the price up as lots of retailers try to sell the peaks.
By the way:
When you look at the previous U.S. INITIAL JOBLESS CLAIMS you can calculate a likely result for the upcoming Non-Farm-Payrolls.
It doesn`t look good so far looking at the forecast.
However, I expect some dumps tomorrow and will patiently wait for confluence.
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