NY Market

  • USD/JPY has been dropped down to 111.48 as a result of ECB’s risk aversion. Bearish long-term interest and Stock also caused JPY to be bearish.
  • EUR/USD dropped significantly down to 1.1177 which is a rate marked on June 2017, caused by ECB’s growth forecast and interest being dovish.
  • Stock market continues to be sold due to ECB revised economic forecast downwards. DOW being negative for 4 days and down $200.
  • Credit became bullish as a result of risk aversion. US 10y Treasury down to 2.63%.
  • Gold became bullish and Crude being negative.

Rates

USD/JPY: 111.48 – 111.86

EUR/USD: 1.1177 – 1.1288

EUR/JPY: 124.67 – 126.14

NY DOW: -200.23 –> 25,473.23 USD

GOLD: +1.50 –> 1,286.10 USD

WTI: +0.44 –> 56.66 USD

US 10y Treasury: -0.054 –> 2.639%

Remarkable Orders

Open Positions (Unredeemed Positions – possible bullish/bearish)

USD/JPY: Open Long positions at 111.850, Open Short positions at 111.450

EUR/USD: Open Long positions at 1.11950, Open Short positions at 1.11750

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 1.11550, Open Sell orders at 1.12500

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)

Have a great weekend ahead!