Яндекс.Метрика Dollar is little changed (well maybe a little lower). Yields are lower. Stocks are a bit higher. – Technologies of the future for life!
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Dollar is little changed (well maybe a little lower). Yields are lower. Stocks are a bit higher.


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A little bit of everything in the jobs report

Jobs were strong. Wages were a little weaker.  Participation rate dipped.  Unemployment rate fell to 3.6% from 3.8%.  A little of everything but overall the jobs gains are impressive still.
For the USD

  • The EURUSD is back to unchanged vs the pre-report level of 1.1154
  • The GBPUSD was at 1.3000 pre-report and is up at 1.3024 after moving lower and shooting back higher.
  • USDJPY was at 111.51 before and spiked higher but has come back down and trades at 111.51 currently
  • There are some movements into the risk pairs like the AUD and NZD. They are higher  (lower dollar).
  • The AUDJPY, NZDJPY, GBPJPY and CADJPY are also higher on risk on flows 

For stocks, the Dow is at 108 (up from about 66 points higher before the report). The S&P is up 12.25 points now, and the Nasdaq is up about 55 points. Both are higher than pre-report levels.
For the debt market, the yields are still higher but off the highest levels. The odds of a Fed rate cut continues to slide.  The estimate is down to 44% for a cut from 50% yesterday.  

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