Dollar on the jobs line



A look at the day ahead in European and global markets from Tom Westbrook:

Having just closed out its worst month since 2010, the dollar's bull run may be ending.

Federal Reserve Chair Jerome Powell green-lit selling this week, surprising traders by not pushing back against markets' shifting financial conditions looser in the last few weeks.

Since the Fed hiked 75 basis points in November, 10-year Treasury yields US10YT=RR have fallen more than 50 basis points and mortgage rates have followed -- erasing a fair chunk of the tightening.

Tracking yields lower, the dollar is heading towards the weekend down heavily on the yen for the week and eyeing smaller losses on the euro and most other currencies.

The next test is Friday morning's U.S. jobs report, where a downside surprise could rip the dollar down further. Economists expect about 200,000 jobs were added last month.

More than that, and it might put a leash on the bond rally and the brakes on the dollar's slide.

Markets in Asia were treading water ahead of the figure, and clinging on to optimism about China reopening - except in Japan where gains in the yen provided an excuse for profit taking in the stockmarket and the Nikkei .N255 dropped 1.7%.

Stock buying, rocketing local rates and the retreat in the dollar also seem to have finally given a bid to the Hong Kong dollar HKD=D3 , which has bounced from the weak end to the middle of its trading band.

Limits on withdrawals from a $69 billion unlisted Blackstone trust after large redemptions hint at losses and stresses in global portfolios. People familiar with the matter said most of the redemptions came from Asian investors needing the cash.

Key developments that could influence markets on Friday:

Economics: Germany October trade data, Euro zone Oct producer prices, U.S. November non-farm payrolls

Speakers: Fed's Barkin and Evans, ECB's de Guindos



US Financial Conditions Link



Reporting by Tom Westbrook; Editing by Sam Holmes

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示:您的資金存在風險。槓桿商品並不適合所有客戶。請詳細閱讀我們的風險聲明