We are near all-time highs after the sharp drop during Q4 18. Price action digested the #EUROPEAN economic slowdown, Brexit Risk and Fed twist.
Risk management and position:
Tomorrow, the is a market moving number. Monthly Jobs Report. The market is ready for a positive number. It is key that we do not get a surprise because significant players can use it as a risk catalyst.
The Labor Department is expected to release its closely-watched employment report for the month of March. Economists polled by Reuters expect non-farm payrolls to have risen by 180,000 after adding 20,000 jobs in February. The unemployment rate is seen unchanged at 3.8 percent, while average hourly earnings probably rose 0.3 percent. A report from the U.S. Federal Reserve will likely show consumer credit fell to $17 billion in March, from $17.05 billion in February.