There's talk that a Trump tweet (also noted by our astute readers) led to a few traders hitting the buy button just before ADP
Trump tweeted;
Tweeting about 60 mins before ADP we could have had a case of traders and algos jumping the gun.
The problem is that this Linkedin report he was referring to was out the beginning of Feb, as far as I can make out.
Still, if traders have jumped the gun, they got the right result.
I'm still suspicious of this rally and I'll dangle a sell order in if USDJPY moves to test 115.00. There's a smidge of risk still being watched for that NFP isn't horrendous but we're so baked in for a hike, the topside will become ever more limited.
