NY Market

  • Small volatility on USD/JPY. It didn’t react to yesterday’s ADP employment and hovers a rate between mid and late 111. Then sold to 111.62 due to US interest rate drop.
  • EUR/USD dropped slightly down to 1.1286 since the economical forecast is suspected to be negative on today’s ECB conference.
  • Stock market continues to go down due to China-US summit and economic forecast being downward revised, resulting DOW being negative for 3 days and down to $113.
  • Credit is bullish as world economy is in downward revision and Stock being weak. Long Term interest rate went below 2.7%.
  • Gold became bullish but Crude still negative.

Rates

USD/JPY: 111.62 – 111.85

EUR/USD: 1.1286 – 1.1324

EUR/JPY: 126.17 – 126.53

NY DOW: -113.17 –> 25,673.46 USD

GOLD: +2.90 –> 1,287.60 USD

WTI: -0.34 –> 56.22 USD

US 10y Treasury: -0.025 –> 2.692%

Remarkable Orders

Open Positions (Unredeemed Positions – possible bullish/bearish)

USD/JPY: Open Long positions at 111.850, Open Short positions at 111.600

EUR/USD: Open Long positions at 1.13050, Open Short positions at 1.12900

Open Orders (Unredeemed Orders – possible support/resistance)

USD/JPY: Open Buy orders at 111.200, Open Sell orders at 112.250

EUR/USD: Open Buy orders at 1.12800, Open Sell orders at 1.13500

Today’s Economic  Events

  • EUR

7:00 GMT: Factory Orders (Jan)

  • USD

13:30 GMT: Building Permits (Jan)

13:30 GMT: Housing Starts (Jan)

13:30 GMT: Non Farm Payrolls (Jan)

13:30 GMT: Average Hourly Earnings (YoY Feb)

13:30 GMT: Labor Force Participation Rate (Feb)

13:30 GMT: Unemployment Rate (Feb)

  • CAD

13:30 GMT: Average Hourly Wages (YoY Feb)

13:30 GMT: Net Change in Employment (Feb)

13:30 GMT: Participation Rate (Feb)

13:30 GMT: Unemployment Rate (Feb)