Now that we are finally into September (If you can't tell I love the fall and are craving the cooler temperatures) this week turned out to be a overall good trading week. We saw some very nice gains for our NFP Friday, with the EUR/USD moving about 170 pips to the upside. A very nice trade if you took it. I was trading options today, with 2 strong wins that I can't complain about.
Now that we are in September and headed into the fall typically Gold starts to make a move and we are seeing it already with Gold closing today at $1735.8 making a solid 2.03% in gains.
Even with a disappointing jobs number at only 96,000 job created with projecting 123,000 NF jobs created the market still took off today in equities and currencies, and bringing a nice close to end the week in US and Asian Markets.
I'm excited about this next week as we should start seeing greater volumes of cash in the markets with traders off holiday and some volatile news coming out this next week with the German Constitutional Court Ruling, FOMC, Core Retail Sales, 10yr bond auctions and more.
Have a relaxing weekend,
-david
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