Euro and pound fall after poor jobs data
Work that one out. Bernanke says job market is weak and the printer’s still on max and the dollar gets sold. The data confirms and the dollar gets bought.
EUR/USD down to a low of 1.3010 while cable falls back through 1.5100 to 1.5077.
After many years of being in the market my expert analysis at the moment is toss a coin for direction.
In all seriousness it may pay to hit the sidelines for a while until the market sorts itself out.