Technical Analysis

The USD is the strongest and the NZD is the weakest ahead of US/Canada jobs reports

Data due at the bottom of the hour

Just ahead of the US and Canada jobs data, the USD is going in as the strongest of the major currencies. The NZD is the weakest. Making the ‘risk event’ even more risky is the day after the 4th of July hangover in the US that may have traders/investors absent from the activity increasing the liquiidty risk in the process.

In other markets, a snapshot before the numbers are showing:

  • Spot gold down -$4.38 or -0.32% at $1411.70
  • WTI crude oil at $56.75, -$0.59 r -1.03%
  • S&P futures are inplying -7.5 points
  • Dow futures are implying -47 points
  • Nasdaq futures are implying -20 points

In the US debt market, yields are higher:

US yields

European 10 year benchmark yields are also a bit higher (and taking a reprieve from the move lower):

10 year yileds


Articles You May Like

Introduction to the Online Forex Course
Live Forex Trading Stream for both Experienced and Beginner Traders
how to use parabolic sar effectively|Moving Average And Parabolic SAR Forex Trading Strategy
Brexit: DUP deputy warns that Boris Johnson’s Brexit deal “cannot work”
AUD/USD trades around 0.6780 as focus shifts to RBA minutes

Leave a Reply

Your email address will not be published. Required fields are marked *