Friday is the monthly U.S. nonfarm payrolls – arguably the most important data release on the calendar. Every month each number takes on a greater significance, but a more important one may loom.
With the ECB signaling there could be more policy easing in the future, the market reacted by breaking the Euro currency future’s win streak and sending prices lower by 0.70%. Use an options spread to set up a trade with a great risk vs. reward ratio.
Canada’s dollar fell to the lowest level in three years as central-bank Governor Stephen Poloz warned of the risks of low inflation, spurring speculation interest-rate cuts may be considered.
Three Wall Street trade groups say the CFTC's policy governing overseas trades is lacking in several areas.