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Market Update – December 2 – USD holds at lows & Stocks at Highs Ahead of NFP


  • The USD Index holds at lows not seen since August & June at 104.50 It is significantly lower than the 200-day MA 105.40. Tendencies to yields were impacted by lower PCE inflation and JOLTS numbers. However, this was tempered by a miss in Weekly Claims. Inverted 2/10 year. 71 bps. Stocks Flat finished Asian Markets are also flat, except for the exception of Nikkei (-1.59%) The JPY continues to soar. All eyes on NFPConsensus is a headline with 200k. The USD could slip further, at 120k-150k. 250-300k The Greenback could be lifted.
  • EUR – broke over key psychological 1.0500 At 5-mths highs 1.0530 now. 
  • JPY – collapsed to under 135.00 Trades today 134.60 Starting at 139.85 Japanese stocks will be closed Wednesday 
  • GBP – Sterling rallied to break again 1.2300, Shortly and then post 5-month highs. Trades at 1.2260 now. 
  • Stocks – Wall Street held on to Wednesday’s gains closing flat – US500 -3.54 (-0.09%4076, For big movers, losses were also included CRM -8.27%, COST -6.56%, Blackstone -7.06%. FUTS Trades 4076 Also, now.

  • USOil – For the fourth consecutive day, fought to break $83.00 Before cooling $81.25 now. OPEC meeting possible weekend and Monday  
  • Gold – We fought for and took the key $1800 And holds at $1802 now.
  • BTC Sentiment woes…

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