• FX: The New Zealand and Australian dollars were the day’s strongest major currencies; the Swiss franc and Canadian dollar were the weakest. The British pound also edged higher after the announcement of Boris Johnson’s new Brexit plan.
  • US data: The ISM Non-Manufacturing PMI survey confirmed the weakness in its Manufacturing cousin, printing at 52.6, well below the 55.0 reading expected and at its lowest level in 3 years. The employment component of the survey, a key leading indicator for Non-Farm Payrolls, fell to essentially flat at 50.4.
  • See what we’re expecting ahead from tomorrow’s highly-anticipated Non-Farm Payrolls report!
  • Commodities: Gold ticked higher on the day while oil dipped less than 1%

  • US indices closed higher on the day despite a mid-morning swoon on the disappointing ISM Non-Manufacturing PMI data.
  • Technology (XLK) was the strongest sector on the day, while Utilities (XLU) were the weakest and the only sector to fall.

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DISCLAIMER: The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase of sale of any currency. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.

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