Introduction
The non-farm payrolls figure on Friday came in at 151k in comparison to 180k anticipated, largely due to the reduction in holiday season jobs that inevitably took place in January. USD did make some ground on Friday afternoon though as the market looked at the lower unemployment rate print, which came in at 4.9%. New year holidays take place in China and Hong Kong today and essentially all week, with holidays taking place in other nations nearby too. Expect low liquidity in CNY, CNH and other related currencies this week and potential moves that consolidate too.
Asian Session
AUD and CAD trade at .7110 and 1.3860 against the greenback at the moment. These are the two currencies that have risen most overnight in a sleep Asian session. ANZ bank released job advertisement info. for January which came in positively at 1.0%.
The Nikkei 225 index trades up over 1.0% as USD/JPY was contained largely within the 117.0 figure. Labour cash earnings data and the eco watchers’ surveys had little impact on markets.
The day ahead in Europe and NY
European investor confidence data is set to be released at 09:30 GMT today with EUR/USD currently trading at 1.1137. The currency pair moved to a 1.1246 high on Friday but calmed relatively soon after the figure release.
Housing starts and building permits data will be released at 13:15 GMT and 13:30 GMT respectively for Canada. BoC governing council member Timothy Lane speaks at 16:50 GMT today too.
Spot
| Last | % since US Close | High | Low | |
| EURUSD | 1.1137 | -0.16% | 1.1162 | 1.1128 |
| USDJPY | 117.29 | -0.21% | 117.53 | 116.80 |
| GBPUSD | 1.4535 | 0.23 | 1.4547 | 1.4476 |
| AUDUSD | 0.7107 | 0.55% | 0.7116 | 0.7068 |
| NZDUSD | 0.6635 | 0.54% | 0.6646 | 0.6616 |
| EURCHF | 1.1068 | -0.20% | 0.9942 | 0.9909 |
| USDCAD | 1.3873 | 0.32% | 1.3908 | 1.3857 |
| USDCNH | 6.5741 | 0.001 | 6.5867 | 6.5692 |
FXO
EUR/USD one month straddles kick off this morning with a mid. volatility of 9.5%. This is a reduction on Friday’s level. A number of volatilities have moved higher, particularly in the AUD/USD space.
USD/JPY options sentiment within the retail space at Saxo Bank A/S shows a 70% bias for the downside, this is a move higher over the last twenty four business hours of 15%.
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