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Late European Session Non Farm Payrolls dropped heavily in Sep (-263K M/M vs. -175K expected, -216K previous), sending equity markets plunging lower and commodities down across the board. The effect on risky assets had certainly been anticipated, however more surprising was the resilience of the EUR in the face risk appetite gone sour. EURUSD tried [...]

Uncertain Times Ahead As Markets Eye CIT Group Eurozone Unemployment in Aug was 9.6%; exactly on consensus estimates and modestly higher than the month prior (9.5%). National PMI figures across Europe were slightly better than expected (Eurozone composite PMI 49.3 vs. 49.0 exp.) but the EUR failed to benefit from the news, as markets were [...]

Gold moved $8.00 down early morning touching triple digits again largely on a continued strength in the US currency and a sell off in the equity market. It appears that some investors still nervous about the overall state of the world economy decided to play safe and take profits ahead of the US employment report [...]

COMMODITIES – Dollar rebound hits most commods; oil rises * Dollar surges after weak U.S. job and factory numbers * Copper down 3 pct, losing all of previous day’s gains * Corn and wheat lead declines in agriculture NEW YORK, Oct 1 (Reuters) – A surging U.S. dollar dented prices of most commodities on Thursday [...]