More bears are coming
Written by A Forex View From Afar on Thursday, January 03, 2008Back to www.thelfb.com
It seems that the ADP came lower then expected, and what is worst, it showed that hiring in the goods production industry was down for 13 months in a straight and a 16.000 loss of workers in the manufacturing industry.
This combined with the ISM numbers (link for that post here) is starting to give me a hunch that Exporters aren’t doing so well after all.
It just a premonition, we’ll need more time to see the truth.
On the other part of the Atlantic, the German steam engine showed the lowest unemployment in 15 years especially in the manufacturing industry, as Marco related in thelfb.com subscription newsletter.
It seems that a strong euro isn’t so bad for Germany (until now)
Let’s see what the wind brings us tomorrow, at the NFP release…
Ps. Thanks to our great trading team, yesterday we caught 100 pips.
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