Morning Report: 08.30 London This morning markets are generally quiet with a slight negative bias ahead of today’s big US jobs data. Analysts are predicting a relatively big drop in US payroll activity from 200k to 150k, but as ever it will be any big deviations from this number that determine the trade flow for [...]

Morning Report: 08.30 London

• This morning markets are generally quiet with a slight negative bias ahead of today’s big US jobs data. Analysts are predicting a relatively big drop in US payroll activity from 200k to 150k, but as ever it will be any big deviations from this number that determine the trade flow for the remainder of the day.
• Yesterday’s big mover, the New Zealand dollar is the morning’s worst performer, with the NZD/ USD down 0.30%.

• Other than this, there isn’t too much movement to speak of, though it is worth noting the relative strength shown by the EUR/ GBP so far this morning.

Coming up today:*

• In addition to Non Farm Payrolls at 13.30, we also have US unemployment rate numbers at 8.5%, followed by ISM Non Manufacturing PMI.
• Prior to this we have UK services PMI at 09.30 with a slight drop expected.
• Canadian employment change is also released at 12.00 with a slight increase expected.

Bet Idea:*

• The GBP/ JPY has been under pressure since April 2011, but there are signs of stabilisation, especially considering the yen’s*proximity*to record lows. A good way to play this might be a HIGHER trade predicting that the GBP/ JPY closes above 123.00 in 56 days (March 30th) for a potential return of 203%.

• You can find direct links to this trade idea here and here.

Summary:*








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