My expectations for tomorrow are that the data confirms that Americans are prepared to pay through the nose for a while longer yet. Whilst the dollar has already rallied this week, it might not have further to go once the report is in.
Gold on the other hand has been bashing on support all day long today, and I think one more stab with a toothpick will do it tomorrow! If it gets low enough, I'll be looking to turn it around at 1324ish to make a day trade out of it.
I like the way swiss held up today - I'm using it as a pseudo hedge verses gold taking off. I'll unwind it after the report, especially if gold tanks.
The way this coming report has been hyped up, I am wondering if the result will be rallying commodities and a rallying dollar on the same day?!
Usually they are mutually exclusive no?