Mixed start as traders eye jobs report

April 3, 2012 - PRLog -- It's been a mixed start to the trading week as traders look ahead to Friday's big jobs report from the US on Friday (The US has no good Friday holiday).

The early movers are the commodity currencies which gapped higher after their weekend break, but have been pulling back ever since. The AUD/ JPY is up 0.87%, with the AUD/USD 0.60% despite most of the movement being lower since the gap opened.  There's also a slightly positive bias on other pairs, with the EUR/JPY up 0.16%.

The three main economic items to make note of today are UK Manufacturing PMI at 09.30, European unemployment at 10.00 and US ISM Manufacturing PMI at 15.00.

The EUR/GBP has followed a fairly consistent pattern of an up week being followed by a down week (and vice versa). While this pattern won't last forever, it's hard to ignore such consistency.
After last week's lower close, a good way to play this on BetOnMarkets.com might be a HIGHER trade predicting that the EUR/GBP closes next week above 0.8350 in 3 days time could return 147%.

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Name: Mike Wright

Address:
Regent Markets (IOM) Limited
3rd Floor, 1-5 Church Street,
Douglas, Isle of Man IM1 2AG,
British Isles.

URL: http://www.betonmarkets.com