The markets didn’t hold any real surprises yesterday as they continued to trade in a narrow range throughout the trading day. Overnight, the Asian markets sold the dollar, as good economic data from Japan and some promising data out of Australia convinced traders the global economic recovery is still underway. While Europe and the US continue to focus on the debt crisis in Greece, the Asian region continues to perk up. But I’m getting ahead of myself; let me get back to what happened in the markets yesterday.
US Jobless Numbers: A Lag in a Lagging Indicator?
The markets didn’t hold any real surprises yesterday as they continued to trade in a narrow range throughout the trading day. Overnight, the Asian markets sold the dollar, as good economic data from Japan and some promising data out of Australia convinced traders the global economic recovery is still underway. While Europe and the US continue to focus on the debt crisis in Greece, the Asian region continues to perk up. But I’m getting ahead of myself; let me get back to what happened in the markets yesterday.
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