Daily Morning Call

From the Floor: Do or die for the dollar rally — #SaxoStrats

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USD volatility is remarkable by its absence despite the multiple event risks related to the greenback this past week. This heightens the relevance of today's NFP data as they may decide the sustainability of the dollar's rally.

  • Almost an entire absence of USD volatility despite numerous risks
  • Do or die for the USD rally today – watch hourly earnings
  • Aussie dollar weakened by ugly retail sales
  • We'll see a massive rebound in nonfarm payrolls from September
  • Big session ahead with NFP and market reaction to Apple
  • Apple normally guides lower than where they actually end up
  • EUR weakness could see Dax roll over
  • It's been a quiet week for gold despite multiple risk events
  • WTI crude is moving towards backwardation
  • Trump's visit to Asia next week may raise geopolitical focus