- USDIndex – spiked to 109.95 highs yesterday and holds the BID @109.50 now. A robust NFP might raise the USD even greater. A weak quantity might prick the USD bubble from 20-yr highs. Sturdy Weekly Claims and PMI’s added to USD demand. Fed Fund Futures now at 74%/26% for 75bp vs. 50 bp at subsequent Fed assembly.
- EUR – ECB motion anticipated subsequent week, however EUR stays below Parity lows of 0.9910, trades at 0.9970 now.
- JPY rallies once more (new 24 yr highs) broke 140.00 & holds at 140.30 BOJ holding accommodative coverage line, & yield differentials driving pattern.
- GBP new multi-year lows below 1.1500 yesterday, again to 1.1550 now. New PM subsequent week.
- Shares US shares halted 4-day slide (S&P500 3966). Nvidia -7.67%, AMD -3% weighed once more. Futs. flat at 3968 now.
- Oil down once more on weak outlook, lows at $86.25 and trades at $88.20 now.
- Gold – additionally down below $1700 to $1688 lows, again to $1702 now.
- BTC – recovers 20k once more as we speak, from 19.5k lows yesterday.
In a single day – NZD Commerce Stability missed (-2.4% vs 0.6%) German Commerce Stability higher than anticipated (see under).
Immediately – US NFP & Manufacturing facility Orders, EZ Producer Costs.
Greatest FX Mover @ (06:30 GMT) EURNZD (+0.68%). Continued to recuperate from weekly lows at 1.6185 on Tuesday to 1.6450 as we speak, subsequent resistance 1.6485. MAs aligning greater, MACD histogram constructive & sign line rising, RSI 63.62, H1 ATR 0.00238, Day by day ATR 0.01615.
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Stuart Cowell
Head Market Analyst
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