US markets had a bit of a breather on Friday despite some better data results to close out the week. The major stocks indices still remain at strong levels, but the tech heavy S&P and Nasdaq did drift during the session to finish in the red.
The dollar saw some good gains again against the major currencies and commodities with the USDJPY notably closing out the day perilously close to the key psychological 160 level again. Traders will be on their toes on the Asian open if it looks like breaking higher again with the Japanese authorities remaining poised to act if they feel moves are excessive.
It should be a relatively stable start to the trading week today with a little momentum from Friday’s close in the US to carry through to the Asian open and a steady risk calendar for the day ahead – although if the Yen starts to move, it could be a very different story.
| Market | Change | Close |
| Dow | +0.04% | 39,150 |
| S&P | -0.16% | 5,464 |
| Nasdaq | -0.18% | 17,689 |
| USD | +0.15% | 105.80 |
| US Treasury – 2 Year | +0.1 bps | 4.730% |
| US Treasury – 10 Year | +0.3 bps | 4.257% |
| Oil – Brent | -0.6% | $85.24 |
| Oil – WTI | -0.7% | $80.73 |
| Gold | -1.7% | $2,319 |
Today’s Events:
Asian Session
- 8.45 am – New Zealand – Trade Balance Data
European Session
- 5.00 pm – FOMC Member Christopher Waller Speaks
- 6.00 pm – EU – German Ifo Business Climate Data
US Session
- 3.45 am – Bank of Canada Governor Tiff Macklem Speaks
