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May 5, 2017 China Commodities continue to drop, Asia down heading into NFP expected 200K

May 5th, 2017

Normally the night before NFP data is dull, dull, dull because very few want to put on trades before the release. Instead tonight China and Asia is selling, close to 1% down. Japan is again closed for holiday. Leading into the Europe open our Futures are down .18%. Yen is where people are hiding as a Safety Play, and selling the Aussie. Shanghai Futures were down again as indicator shows that Chinese port stocks close to the highest level since at least 2010. Today’s NFP is expected to be strong, with prior months to modified to the upside. Once it beats we should finally get the sell off because the FOMC will have no choice to become a lot more aggressive.

May 2016