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Trading the US jobs report
The nonfarm payrolls are out later on Friday and they're eagerly anticipated due to the dire US jobs' figure we had in January. Three London based analysts give their views about how seriously we should treat the numbers.
Ken Veksler, the Director of Accumen Management, says they're just a lottery. He says you don't want to trade going into the release but you must look for opportunities off the back of it.
Neil Staines, Head of Trading at the ECU Group, says Friday's figures could well be effected negatively again due to the bad weather in the States in January. However, he says the underlying strength is there and this is bound to benefit the dollar.
Market Strategist, Michael INgram, of BGC Partners, warns investors that despite some increased optimism about the US economy, they should still remain very cautious about the US growth potential. America, he says, should be doing much better than this.
01:59 minutes
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