Fx Primus Rebates

US July non-farm payrolls 157K vs 193K expected

Highlights of the June 2018 US non-farm payrolls report – Average hourly earnings +0.3% vs +0.3% m/m expected – Prior avg hourly earnings +0.2% (revised to +0.1%) The lowered underemployment rate stands out. The headline is soft but it’s balanced by the revisions to the prior.

Fx Primus Rebates

EURUSD trades between trend lines before NFP.

USDJPY trades at the 100 hour MA. As the US employment report is awaited, the EURUSD has traded today under a topside trend line and above a lower trend line. The “market” is waiting for the next push.  The expectation is for a gain of 193K (or there abouts). Wages are expected to rise 0.3%…

Fx Primus Rebates

USDCAD continues to have problems on rallies

Can’t solicit buyers above the 100 hour MA (200 hour MA remains untested) The USDCAD continues to have problems on rallies.  The pair moved above the 100 hour MA on Tuesday and failed (blue line in the chart below). Yesterday, the price moved above the same MA and failed.  Today the pattern is the same…

Fx Primus Rebates

USDJPY dips to swing levels/200 hour MA

The 100 hour MA and broken trend line at 111.55 is upside target The USDJPY has dipped after the US employment report.  The jobs data has moved stocks back toward unchanged/negative levels. Meanwhile US yields have moved a little more negative with the 10 year down -1.3 bps