Technical Analysis

The GBP is the strongest and the CHF is the weakest ahead of jobs report(s)

The USD is mixed

The GBP is the strongest and the CHF is the weakest as traders await the US and Canada jobs reports.  Stocks are higher (same old stories about hope for US/Mexico resolution, etc.).  The USD is mixed with gains vs the EUR, CHF, JPY and AUD and losses vs the GBP, CAD and NZD.

Rangess are modest with the major pairs all trading with less than a 41 pip trading range.  Most of the pairs are trading near the middle of trading ranges.  Markets are awaiting the data at the bottom of the hour.

the ranges and changes for major indices are somewhat muted

A snapshot of other markets is showing:

  • Spot gold of $.32 of 0.2% at $1335.75
  • WTI futures of $.50 or 1.08% at $53.16

In the pre-market for US stocks, futures are implying higher openings for the major indices

  • Dow +81 points
  • S&P + 9 points
  • Nasdaq +25 points

European equities are also higher on lower rate expectations:

  • German DAX, +0.6%
  • France’s CAC, +1.4%
  • UK’s FTSE, +0.7%
  • Spain’s Ibex, +0.76%
  • Italy’s FTSE MIB, +1.0%

In the US market yields are down marginally:

US yields are marginally lower

Europeanbenchmark 10 year yields are mixed with Italian yields maintaining a healthy bid (lower yields).

European yields are mixed


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