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Stressed Euro, Slow China And Growing U.S. Cause FX Problems

By Dean Popplewell

This week is expected to be light on the US indicator front, but notable consumer sector numbers will be announced. After last Friday’s better-than-expected employment report, traders will be looking to see if the consumer sector gains in other aspects.

Will Tomorrow’s JOLTS (job openings) report continue the strong payroll trend? On the last go around, retail sales fell in December, supported by lower gas prices and a very volatile auto sales sector. Analysts are suggesting that the market could see more of the same, but with the underlying trend still relatively healthy. To date, the US consumer mood has been relatively strong and Friday’s University of Michigan consumer sentiment will close out the week.

NFP broke all barriers

Stronger job data in North America, and especially in the US produced much higher growth in jobs than market participants had been expecting and perhaps more importantly, aRead More …