Good Afternoon Traders we are bringing our blog to you later today as we wanted to wait and see the morning market reaction on could promise to be the most decisive trading day of 2013 so far. The headline on the cards to day is the Non Foreign Payrolls (NFP) due out at 1.30 pm this afternoon and the market will waiting to see how the numbers play out. Market participants are expecting to see a figure of 166k, but in reality we will need to see a figure above 175k or below 150k to see significant market reaction.
Traders should also note that today is Friday and we see the market stall at important resistance levels we could see some big market players taking some money off the table, and witness a slight sell off into the European and US close.
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