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Daily OANDA Forex Blog (Nov 06, 2009 at 05:56:35am) — by Dean Popplewell

Capital Markets do not seem to get as apprehensive about non-farm payroll day. This week, dealers and investors are worn out by the ‘smoke and mirrors’ campaign from CBankers rhetoric. Nothing has changed, just a word here, a word there! The G20 will keep the current strategy at work, no risk taking for them, as it’s deemed too early for removal of any stimulus. But, the Aussies are a different bunch all together as they lead the way! So this morning’s headline print will make little difference. A strong number will drag stocks even higher and with it more risk will be applied. Worse numbers will only justify the Fed’s stance of ‘extended period’ of accommodative monetary policy. There are two factors that would burst this utopia scenario, the ‘lemming’ carry trades unwinding or US long term yield’s dramatically backing up. Someone got to gamble, let it be the contrarian and call it a week!

The US$ is weaker in the O/N trading session. Currently it is...