Market Update – October 8 – Yields Drive Higher Pushing USD & Stocks too

  • USD (USDIndex 94.30)اپنےHighs پر.Stocks & Oil اپنے Highs پر.
    Technical yields the driver (5yr at 1.0416% – February 2020 high)
    US Debt ceiling میں توسیع$480 bln سے.Weekly claims اورChallenger Job cutsدونوں China .Better than expected دوبارہBusiness میں واپس چھٹیاں ختم.Evergrande سے کوئی Update نہیں.
  • US yields (Ten-year closed 1.571%) اب%1.596 پر.
  • Equitiesمیں تیزی.USA500+36.0 اب یہ4399 پر.(Testing 20-day MA)
    USA500.F مسلسل4 دن سے High لیکن4386 سے نیچے.VIX 20.00 پر اب20.17 پر. 
  • USOil دوبارہ اپنے Highs پر$79.12 باوجودInventory surprise جو بدھ والے دن ہوا.
  • Gold $1752 میں کمی. اب$1759           ,Twenty-day MA $1765   
  • Fx Market میںEURUSD 1.1546 .USD remains bid, USDJPY 111.90
    Cable1.3600 یہ اب تک کا سب سےBest mover ہے.

Overnight  – Mixed JPY data (Earnings Higher, Econ. Sentiment & Spending lower), GER – trade balance; a big miss (exports lower imports higher) +13.0b vs +17.9bn

European Open

December 10-yr Bund future اب نیچے-22 ticks EZ bonds میں کل سے تیزی. مارکیٹ ابNFP پرFocus کرے گی.UK inflation میں کلGilts دیکھے گئے.DAX & FTSE 100 نیچے.%0.1- اور-%0.2-
جبکہUS futures میں کوئی تبدیلی نہیں ہوئی اورNasdaq میں کمی.

Today US & Canadian labour market reports, ECB’s Panetta & BoE’s Tenreyro.

Biggest FX Mover

USDJPY (+0.28%) اس میں111.20 سےتیزی آئیFaster MA .111.95 اوپر کی طرف.
MACD line اورHistogram اوپر.RSI 71 OB مزید اوپر جاتے ہوۓH1 ATR 0.068 اور
Daily ATR 0.606

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Stuart Cowell

Head Market Analyst

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