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NFP Slightly Clips the Dollar and the Yen… But Remains In Line

Posted on April 3, 2009 at 9:16 in Uncategorized by Tim Salem

Greetings Again, Everyone!

The U.S. overall has lost about 5.1 million Jobs since the Recession “officially” began… although NFP Data Points Headline Numbers are largely are “In Line” with Consensus this month.

( Of course…it is the Numbers “Inside” the Numbers that are the true Key of any Data Release…)

We will not revisit the Macro-Data here, and simply move on with Her Majesty and see we have certainly appreciated in Price moving forward.

Here is the DAILY Capture, so give it a Click, and Post-Time is 14:15 GMT.

( Now… all of you did not think I could go all week without my Longer-Term Views, did you?…. You know me better than that!… hee hee…

My original thoughts on some Dollar and Yen Strength may come to Fruition today… as we will certainly have plenty of Institutional Profit-Taking and Covering since it is Friday and then end still the end of the Quarter/Month as well.

We may simply see this in Consolidative Retracements as we move towards the London Close… so we will stay on top of the situation.

I will be back once again for another Update, and we will check in then!

Tags: appreciation, GBP/USD, pound, resistance, support

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