Market Brief
The markets have been trading in a rather tight range this morning, unsurprisingly considering the all important US non-farm payrolls number is to be released later in the day. Asian equities are largely tilting towards the green this morning as a combination of better than expected data from the US last night has kept risk appetite inflated in the build up to the jobs report due out at 1230 GMT. A better reading in the pending home sales (MoM 5.2% act v -1.0% exp & -2.8% prev / YoY -20.1% act v -20.3% prev) along with an improved weekly initial jobless claims report (472K act v 475K exp & 478K prev) has kept equities in the green, with the Nikkei up a quarter percent at 9084.21 at the time of writing.
Looking towards the day ahead, with no major surprises expected from the Euro-zone Retail Sales reading, currency markets will remain focused on the jobs number and should remain in a range bound pattern in the build up to this release.
| Global Indexes | Current Level | % Change |
| Nikkei 225 Index | 9090.09 | + 0.30 |
| Hang Seng Index | 20882.14 | + 0.06 |
| Shanghai Index | 2642.03 | - 0.52 |
| S&P future | 1087.10 | - 0.23 |
| DJIA futures | 10292.00 | - 0.16 |
| FTSE futures | 5368.00 | + 0.17 |
| DAX futures | 6086.00 | + 0.16 |
| World Markets | Current Level | % Change |
| Crude wti | 74.70 | - 0.43 |
| Gold | 1250.63 | - 0.03 |
| Silver | 19.59 | - 0.31 |
| USD Index | 82.38 | - 0.10 |
| VIX | 23.19 | - 2.93 |
| Todays Calender | Estimates | Previous | Country / GMT |
| Consumer Price Index MoM | 0.0% | -0.7% | CHF / 0715 |
| Consumer Price Index YoY | 0.4% | 0.4% | CHF / 0715 |
| PMI Services | 55.6 | 55.6 | EUR / 0800 |
| PMI Composite | 56.1 | 56.1 | EUR / 0800 |
| PMI Services | 52.9 | 53.1 | GBP / 0830 |
| Official Reserves (Changes) | -- | $-24M | GBP / 0830 |
| Retail Sales MoM | 0.2% | 0.0% | EUR / 0900 |
| Retail Sales YoY | 0.6% | 0.4% | EUR / 0900 |
| Change in Nonfarm Payrolls | -105K | -131K | USD / 1230 |
| Change in Private Payrolls | 40K | 71K | USD / 1230 |
| Unemployment Rate | 9.6% | 9.5% | USD / 1230 |
Currency Tech
EURUSD
R 2: 1.3035
R 1: 1.2927
CURRENT: 1.2825
S 1: 1.2730
S 2: 1.2690
USDJPY
R 2: 85.05
R 1: 84.60
CURRENT: 84.23
S 1: 84.00
S 2: 83.59
GBPUSD
R 2: 1.5599
R 1: 1.5536
CURRENT: 1.5414
S 1: 1.5335
S 2: 1.5256
AUDUSD
R 2: 0.9200
R 1: 0.9120
CURRENT: 0.9079
S 1: 0.8938
S 2: 0.8900
- S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot
