Forecast on 04/02/2019 – Bullish USD by positive employee stats

NY Market

  • USD/JPY has become bullish based on a positive result of US economic news, such as employee stats and ISM Manufacturing Report. The growing long-term interest rate also pushed USD/JPY to 109.58 and closed at the range last week.
  • EUR/USD showed small pull back and it fell down to 1.1448, struggled to be bullish as a result of the positive US economic news.
  • Stock market is various. Dow grew 64 US dollars for oil share’s healthy profit, however, NASDAQ has fallen down 17 points.
  • Bond market also fell. Long Term interest rate raised up at a rate of 2.68%.
  • Gold started to be bearish for the first time in 6 days.  Price of Crude Oil went up to $55.

Rates

USD/JPY: 108.89 – 109.58

EUR/USD: 1.1448 – 1.1488

EUR/JPY: 124.58 – 125.73

NY Dow: +64.22 –> 25,063.89 USD

GOLD: -3.10 –> 1,322.10 USD

WTI: +1.47 –> 55.26 USD

US 10y Treasury: +0.055 –> 2.684%

Today’s pickup events

AUS: Building Permits (YoY, MoM)

EUR: Consumer Price Index

USD: Nov’s Factory Orders

USD: Speech by Cleveland Federal Reserve President, Mester

EUR: Alphabet’s financial result