<p>It's jobs Friday and and aside from the yen, the FX market has mostly traded flat ahead of the release. The pivot trade on a soft number has been what everyone has been waiting for in the past few months but now the market has front-run the data. Yields have tumbled and stocks have soared.</p><p>With that, the market is now in a much more balanced spot and — if anything — there's a skew towards buying the dollar on strong data. Don't forget that jobs are a lagging indicator and there hasn't been much of an indication of softness outside of tech and some manufacturing.</p><p>Along with the US report, Canadian employment is due at the same time and expected up 5.0K after last month's sensational +108.3K reading. I'd be cautious of some give-back.</p><p>It's also the final day before the Fed blackout today so we'll be getting a steady stream, including Barkin and Evans.</p><p>For more, see the<a href="https://www.forexlive.com/EconomicCalendar" target="_blank" rel="follow"> economic calendar</a>.</p>
This article was written by Adam Button at forexlive.com.
