Focus on NFP today

Important news this week

Wed, 11th, 14:30 CET US Nonfarm payrolls / average hourly earnings.

NFP release

Aheda of the NFP report, the Dollar started to lose some steam. While the USD- index keeps pushing lower, the market still did not break the recent technical support level. Only below the 96- zone the Greenback might continue to look weak, whereas the recent rebound based on the monthly chart might already tell that the market looks weak. In general, a stronger NFP release might also help the Dollar and hence cause stock markets to weaken. In general other currencies like the JPY and CAD keep pulling the Dollar lower, which could indicate that further losses might be on the way.

Market talk

While most currencies resume positive momentum against the Dollar, the crypto market keeps falling. The positive sentiment in general in the equity sector does not helps cryptos and hence they continue to weaken. Markets might get a surprise release in either direction today, as the charts do not reveal fresh insights for now. In general though, the silver market keeps pushing higher similarly to the Gold market, which indicates the general weakness in FIAT currencies.

Tendencies in the markets

• Equities sideways, USD weaker, crypto sideways, oil positive, Silver positive, Gold stronger.