It was a mixed day on the markets yesterday as US indices slid lower, off the back of some weak PMI and Consumer sentiment figures. This morning’s Asian session was very positive as all the indices edged higher as they approach all-time high levels.
The market seems to be consolidating in the buildup to the unemployment figures set for release on Friday. The precious metals are starting to decline slightly which might be an indication for a strong NFP and Unemployment rate to be released. ADP is set to be released today which might give us a bit of an indication of where NFP might be heading.
Ethereum had a strong breakout this morning as it trades above $3500 during the opening of the European session. Bitcoin still remains stuck in its current range as it hasn’t quite chosen a direction yet for the new month.
The Australian and Canadian dollar is currently the strongest currencies as the European markets opened up. The Japanese Yen and Swiss Franc is currently the weakest currencies.