With just one stock makes everyone holding it for keeps are all smiles heading to the bank! NFP figures would be the catalyst for the USD now resting slightly above 95.05 levels. Stay Ahead & on course!
Apple Inc, prices as of 8.03.18
It's all a matter of perspective especially for those who patiently followed our sequence of trend analysis on US equities at the start of June. Where a revisit of the Equities record highs would not be discounted.
As the US market found its bearings from Trump's additional tariff on China didn't weigh heavier from US economic data leading to this Friday's Non-Farm Payrolls figures. Likewise, closely monitoring US 10-Year Treasuries above 3% would have been expected moving forward even when the FED stayed on course while waiting for the NFP on Friday.
Keeping the USD at a steadier level contrary to the BOE raising its rates by 25 Basis point did nothing to push it lower. Instead the Sterling Pound drifted lower after J. Carney confirms from the inflation report that saw GBPUSD at 1.3015 and continued to do so below this price level prior to the early US session.
While everyone is waiting for the NFP report, the FX market across the board particularly the commodity currencies weakness can be seen relatively to the USD gaining strength. The AUDUSD is back at 0.7350 as one of the weakest for the week ending Aug 3, 2018.
Nowadays everyone wants to invest in search of value in so many places, while in fact its just in front of our door step.
ReplyDelete