GO Markets - FX Market Commentary

By Chris Gore
04 February 2010 @ 06:55 pm EDT

Global equities were pummelled overnight as fears of sovereign debt woes in Europe coupled with disappointing weekly jobless claims had investors on edge ahead of tonight's nonfarm payroll data. US Initial Jobless claims for the week of Jan 30 rose to 480,000 which were higher than the estimated 461,000. Continuing claims for the week of Jan 23 also came in a touch higher - leaving investors in a panic ahead of tonight's US Non-Farm payrolls which is expected to show 10,000 newly created jobs in January.

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