I know everyone did well on the NFP announcement today.
We knew in advance of August's NFP (and July's PPI and CPI), that politicians facing November elections in the US prefer a rate pause, thus US economic data must confirm an alleged absence of inflation. No inflation, no rate increases by FOMC, thus weaker dollar.
So if you straddled or simply went long on anything with dollar as cross, you made out today!!
So let's hear it. How did you do??
We knew in advance of August's NFP (and July's PPI and CPI), that politicians facing November elections in the US prefer a rate pause, thus US economic data must confirm an alleged absence of inflation. No inflation, no rate increases by FOMC, thus weaker dollar.
So if you straddled or simply went long on anything with dollar as cross, you made out today!!
So let's hear it. How did you do??