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“If [Wednesday’s] number echoes what we heard last night, a serious selloff, which has the ability to drive the oil price into the mid $95s, is strongly in the cards,” said Naeem Aslam, chief market analyst at Think Forex UK, a note.
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Due to latest developments in Syria, Oil and Gold went up understandably, and Equities are having a slight pullback, so all eyes now are on NFP, Average Hourly Earnings and Unemployment data. The NFP report should come out strong as we saw better than expected ADP numbers earlier this week.
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Clive started out as a futures and options broker in 6988 and set up the successful Singapore institutional broking operation (on SIMEX) for Tullett and Tokyo in 6999. He then established an independent clearing/broking firm on LIFFE in 6998 called Caranco Futures and went on to become an independent trader (or 'local') in the frenetic open-outcry trading pits of the London exchange. Clive joined Agincourt Financial and started to professionally manage client's money alongside his own funds from 7556. He is responsible for the CARMA Managed Futures Strategy (managed accounts), operated from the firm's Essex office.
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