5 Oct: Profit taking ahead of today’s NFP weighs on the US$. Stocks, WTI both lower too. Australian R/S ahead.

By | October 5, 2018

 

The US$ is  generally a little lower on Friday, on the back of some profit taking following the recent rally ahead of the upcoming US jobs data. Sterling led the way higher, dragging the Euro along with it, on news that the Brexit negotiations are making some progress. The Yen is also stronger due to some risk aversion as US stocks headed lower, while the Aud$ and Kiwi are the weakest currencies on the day due to widening monetary policy divergence.

US Stocks are closing down around 0.8% and WTI is down 2.5%, mainly on the back of higher US yields, where the 10s reached 3.23% today but are closing a little lower at 3.19%.

Friday will be the real focus of the week, beginning with the Australian August Retail Sales (exp 0.3%), and later to be followed by the German Factory Orders and PPI but all eyes will be on the US jobs data, (exp Jobs; 3.8%/, NFP; 188K/, Average Hourly Earnings 34.5/,  PR;62.6%). Have a good weekend. US holiday Monday. NSW changing clocks this weekend.

CURRENCIES
EURUSD: 1.1512
Res  1.1535  1.1565  1.1595
Sup  1.1490  1.1460  1.1430
USDJPY: 113.93
Res  114.10  114.30  114.55
Sup  113.65  113.50  113.35
GBPUSD: 1.3017
Res  1.3040  1.3065  1.3090
Sup  1.3000  1.2975  1.2945
USDCHF: 0.9915
Res  0.9935  0.9955  0.9980
Sup  0.9890  0.9870  0.9850
AUDUSD: 0.7075
Res  0.7100  0.7125  0.7150
Sup  0.7060  0.7030  0.7000
NZDUSD: 0.6476
Res  0.6500  0.6520  0.6540
Sup  0.6450  0.6425  0.6400
INDICES / COMMODITIES
S&P.fs: 2907
Res  2920  2935  2950
Sup  2895  2880  2865
DJ30.fs: 26650
Res  26750  26840  26960
Sup  26565  26480  26345
SPI200.fs: 6146
Res  6165  6190  6210
Sup  6130  6105  6090
XAUUSD: 1199
Res  1205  1210.  1215
Sup  1195  1190  1185
XAGUSD: 14.58
Res  14.70  14.80  14.90
Sup  14.50  14.40  14.30
WTI.fs: 74.50
Res  75.40  76.25  76.90
Sup  73.85  72.95  71.80