Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: Caution RE: Friday's Empl Rept/Lee/Lee

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?

Messages In This Thread

Re: Caution RE: Friday's Empl Rept/Lee/Lee