Home Featured Market Update – April 7 – Stocks & Dollar Higher Ahead of Jobs Day

Market Update – April 7 – Stocks & Dollar Higher Ahead of Jobs Day


The March jobs report and Easter holidays prompted cautious trading. Global markets will be closed for most of the day. Good FridayWith much of Europe also closed for business, Easter Monday Wall Street won’t trade today. The Treasury market, however, will be open for a brief session due to the employment reports. The USD Recovered from lows Stocks Closed a little higher Yields Slipped again (US 10-year at 3.288%). Tested down to $2,000 Before you settle down, $2007.82, & USOil Closed at $80.70.

OvernightJapan – February Spending by the household (weaker), +1.6% vs. +4.3%amp; Leading Indicator Index Rises to 97.7 from 96.5 last time.

  • FXUSDIndex To 101.06 Yesterday and today 102.00 Get started today 101.50. EUR slipped under 1.0900 Yesterday trades at 1.0920 now. JPY Found a floor 131.00 This week, but is still under 132.00 For a fourth day.  Sterling’s The key is in decline 125.00 Holds at 1.2440, Next support 1.2425.
  • Stocks – US markets closed yesterday, led by tech stocks (+0.76% to 0.033%) #US500 Closed at 4105 – US500 FUTS can also be higher 4128. 

  • Commodities – USOil – Futures were the key $80.00 New equilibrium after the OPEC production cut last weekend. Gold – Tested into $2000 ,…

Continue reading…