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Trading Radar: ECB Rate Hike on the Horizon?
US equities shot up on Friday after November and December's jobs data showed a bigger increase than had been previously reported. For January nonfarm payrolls were about inline with expectations and the market reacted favorably to this news. Treasuries which rallied hard only to reverse lower for a negative weekly finish. The ISM manufacturing index showed a big increase in sync with the big increase of new orders and inventories we've seen from the Chicago PMI and Markit PMI indexes. Next week is lighter on the economic data scale with the major highlight being the the European Central Bank's ...
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