The US reports employment numbers tomorrow. That is an important HIGH FREQUENCY data point, more so now that the FED has fired a shot across the bow.

A strong number may be a catalyst for a stronger DOLLAR. We will wait to position ourselves, we are inclined to think that there will be further USD WEAKNESS, but will not anticipate NFP.

If we see a weak print we may see some of this move unwind.

Expectations are for +655K. The prior number was +266K

The Unemployment rate stands at 6.10% and it is expected to tic down towards 5.9%

We are on alert and will update the BLOG at 8:30-8:35 am EST tomorrow, after the print.

We are developing a new WATCH LIST and will post it shortly.