Macro Morning (waiting for US jobs)
Advertisement
By Chris Becker
Another mixed night on macro markets as the argy bargy over the Greek debt crisis continued, weighing on European stocks, while the initial jobless claims preview to tonight’s non-farm payrolls came in better than expected.
Another rebound in oil and a blowout in the US trade deficit has seen the USD weaken against the majors, with the US Dollar Index (DXY) down 0.7% and looking toppy on the daily chart:

Advertisement
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe