Some follow through buying after the US payroll numbers
The US is seeing some follow through buying after the better than expected jobs data on Friday. The AUD is the weakest ahead of the RBA decision tomorrow (will they dial back hike talk?).
The ranges and changes for the major pairs are showing somewhat modest changes. The GBPUSD (clock ticking to find an alternative Brexit plan to be presented to EU), and USDJPY are the biggest movers vs the USD (52 and 49 pips). However, those moves are still below the normal ranges (22 day averages). The GBPUSD continues to hold the 200 day MA at 1.30428 (at the day's lows). THe USDJPY is trading near the highs at the starte of the NY session.
In other markets, the snapshot shows:
- Spot gold is down -$6.73 on the back of the dollar strength at $1310.92. Gold lost ground on Friday as well after the stronger jobs data
- WTI crude oil is down -$0.58 at $54.69. The high reache $55.75. The low is at $54.60.
In the pre-market for US stocks, the major indices are little changed:
- S&P index is up 0.72 points
- Nasdaq is up 5.23 points
- Dow Jones is down -2.89 points
In European marketsthe major indices are trading mixed:
- German Dax, -0.13%
- France's CAC, -0.49%
- UKs FTSE +0.31%
- Spain's Ibex, -0.87%
- Italy's FTSE MIB, +0.03%
In the US yield curve, yields are a little higher:
The European 10 year benchmark yields are trading little changed:
