It is employment day and the NZD is the strongest, the JPY is the weakest.

Technical Analysis

Author: Greg Michalowski | forex

The USD is mostly stronger (unchanged vs GBP and NZD)

It is US unemployment day (and Canada for that matter too). The snapshot of the strongest and weakest is showing the NZD is continuing as the strongest, while the JPY remains the weakest. They were the same winners and losers from yesterday's trading too.  The USD is marginally stronger with gains vs the JPY, CHF, AUD, CAD and EUR. The greenback is little changed vs the GBP and the NZD.  


The ranges are limited as the market is treading water  vs. running too far away. Having said that, the JPY pairs are still moving higher and near high levels for the day.  The stock markets continue to support that movement out of the "safety of the JPY" trades.  The Nikkei rose 0.89%.  European shares are also advancing again. The German Dax is higher by about 1%. France's Cac is up by 0.8%. The UK FTSE is up by 0.3%.  

In other markets:
  • Spot gold is trading down $5.13 or -0.39% at $1317.60.  The high dollar is helping to weaken the precious metal
  • WTI crude oil futures are also lower. It is down $.65 or -1.03% at $61.37.  Yesterday the high tested resistance at $62.50
  • US yields are up marginally;  two-year 1.9558%, up 0.4 basis points.  10 year 2.2718%, up 0.5 basis points.  10 year 2.4599%, up 0.7 basis points.  Thirty-year 2.7964%, up 1.0 basis points
  • US stocks futures are higher in premarket trading.  The Dow futures are up 88 points.  S&P futures are up 8.25 points.  NASDAQ futures are up 25 points