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Market Update – April 7 – Stocks & Dollar Higher Ahead of Jobs Day


Moving into the March jobs report, and the Easter holidays, trading was cautious. The majority of global markets will close on Good FridayMany parts of Europe are also closed. Easter Monday Wall Street won’t trade today. The Treasury market, however, will be open for a brief session due the employment report. The USD Recovered from lows Stocks Closed a little higher Yields Again, slipped (US 10-year at 3.288%). To determine the purity of gold, $2,000 Before you settle down, $2007.82, & USOil Closed at $80.70.

OvernightJapan – February Household spending (weaker) +1.6% Vs +4.3%amp; Leading Indicator Index This is an increase of 97.7 over 96.5.

  • FXUSDIndex The slide to 101.06 Yesterday and today 102.00 Today at 101.50. EUR slipped under 1.0900 Trades closed yesterday 1.0920 now. JPY Found a floor 131.00 This week, but is still under 132.00 A fourth day.  Sterling’s The key is in decline 125.00 At 1.2440, Next support 1.2425.
  • Stocks – US markets closed yesterday, led by tech stocks (+0.76% to 0.033%) #US500 Closed at 4105 – US500 FUTS can also be higher 4128. 

  • Commodities – USOil – Futures held the key $80.00 A new equilibrium and the creation of a new order following the OPEC production cut last weekend. Gold – Tested into $2000 ,…

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