The Non-Farm Payrolls report was a mixed bag, with a worse than expected headline but with beats on all the rest. This seemed enough for some profit taking on USD shorts, but as time passes by, these moves are consolidated. What is the next move? Another recovery or just a pause before the next leg down? With China and other parts of Asia on holiday, movements have been subdued, but this could change. We also discussed the Baltic Dry Index, GBP/AUD and other related topics.
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