By: Forbes Real Time
June 10, 2013 at 08:43 AM EDT
Draghi Fails To Feed The EURO Bear
In months gone by there would be a respite after the release of the U.S. nonfarm payrolls (NFP) report. That is to say, the market gave investors time to lick their wounds and devise a trading strategy during the first session following the employment headline release. Historically, the Monday after NFP used to be the "least" volatile trading day of the month. Kiss those days goodbye; Asia is now determined to break with routine. Disappointing Chinese data released over the weekend has not given any asset classes a breather across the divide. Market price movements have not skipped a beat from last week's action in its dogged determination to keep the momentum up. However, with the lack of North American fundamental data today, it will be near impossible to keep to the same rhythm.
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