Reminder: It is a US holiday on Monday
<p>It's the start of a new month and we also have the US jobs report to contend with. So, when you throw in perhaps some positioning flows -or lack thereof – before an extended weekend, that might make things tricky to decipher later in the day. Anyway, I would lean towards the technicals and the Fed funds futures curve as the best ways in reading into the post-NFP market moves.</p><p>As for Monday itself, this at least takes one risk factor out of the consideration. That since broader markets are currently rather sensitive to US data releases.</p>
This article was written by Justin Low at www.forexlive.com.
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