Weekend FX Video - 10.08.11

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European Downgrades Carry More Weight than NFPs for EURUSD Trend There market's favorite economic indicator was on deck Friday; but neither market participants nor the financial media were expecting much in the way of influence from the September NFPs. A modestly better-than-expected print from the labor report did little to boost risk trends or leverage the fading conviction behind the young risk appetite advance. Instead, it was the surprise downgrades of important EU members that caught traders' attention. With an outlook for slowing growth and a spreading financial crisis; negative headlines will gain far more traction than the positive.   Watch the Video Here Best regards, DailyFX Research Team research@dailyfx.com DailyFX Home | research@dailyfx.com | Contact US ©2009 DailyFX. All Rights Reserved. Forex Capital Markets, L.L.C.® assumes no responsibility for errors, inaccuracies or omissions in these materials. Forex Capital Markets, L.L.C.® does not warrant the accuracy or completeness of the information, text, graphics, links or other items contained within these materials. Forex Capital Markets, L.L.C.® shall not be liable for any special, indirect, incidental, or consequential damages, including without limitation losses, lost revenues, or lost profits that may result from these materials. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results.

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