Dollar solidly bid ahead of payrolls, FTSE a cable driven trade – Hantec Markets

“US dollar is solidly bid heading into the payrolls report, courtesy of hawkish Fed speak and strong PMI figures”, says Richard Perry, Market Analyst at Hantec Markets while detailing the outlook for broader markets, GBP/USD and FTSE100. He is joined by Alessio Rastani from Leadingtrader.com and Tip TV’s Zak Mir.

Perry is assertive while stating the sharp fall in GBP/USD pair witnessed this week does represent broad based US dollar strength along with ‘hard Brexit’ fears. He says this is the reason why GBP/JPY cross has remained flat to positive this week.

The panel goes also sheds light on whether the inverse relationship between Cable and FTSE100 shall continue to work wonders for the mining heavy index.