NFP and ISDA to provide Friday fireworks?
And welcome to the end of what has been yet another rather tough week. By now we’re all aware of the deadlines both met and not, percentages of suckers that have given up any claim to their original deposits, and even seemingly leaked Non-Farm Payrolls data. So that really only leaves two rather mild disappointments to await this afternoon. The 13.00GMT International Swaps and Derivatives Association conversation and shortly thereafter the actual NFP print will provide most of the fireworks today and most will just jostle for position ahead of that.
Levels in the majors by now are very well defined and despite mixed data from out of our antipodean friends last night (Australian current account) and Chinese consumer price index being softer equities remained in the black, led of course by the US bourses.
Your scribe is tired friends, very tired and as you can tell from the above clearly lacking a large chunk of enthusiasm for this market currently.
Your best bet today is to stay out of the fray and spend your weekend looking at charts in readiness for next week, when we finally may be able to put Greece out of our minds and start thinking about the next tragedy on our doorstep, Portugal...
Good weekend to you all and helmets on folks.