It was a busy day for traders yesterday with the stats not telling the whole story, in the US, a weak JOLTS Job Openings number weighed on yields and stocks ground higher. The dollar recorded just a 0.1% increase against the majors yet there was plenty of volatility in the currency markets as the Yen powered to a 3-week high against the greenback and on the crosses after Deputy BOJ Governor Ryozo Himino advised that the central bank would be ‘very vigilant’ on the yen’s fluctuations.
Oil prices took another step lower as traders continued to assess OPEC’s updates on the weekend and Gold dropped nearly 1% despite the weaker US data.
It looks to be another busy day ahead for traders with key events including the Australian GDP data release, the latest Bank of Canada rate decision and more US data all set to hit the market.
| Market | Change | Close |
| Dow | +0.36% | 38,711 |
| S&P | +0.15% | 5,291 |
| Nasdaq | +0.17% | 16,857 |
| USD | +0.1% | 104.12 |
| US Treasury – 2 Year | -5 bps | 4.773% |
| US Treasury – 10 Year | -7 bps | 4.332% |
| Oil – Brent | -1.07% | $77.52 |
| Oil – WTI | -1.31% | $73.25 |
| Gold | -0.9% | $2,329 |
Today’s Events:
Asian Session
- 11.30 am – Australian GDP Data
- 11.45 am – Chinese Caixin Services PMI Data
US Session
- 10.15 pm – US ADP Non-Farm Employment Change
- 11.45 pm – Bank of Canada Rate Decision and Statement
- 12.00 am – US ISM Service PMI Data
- 12.30 am – Bank of Canada Press Conference
- 12.30 am – US Crude Oil Inventories Data
