FXPrimus has summarized the important market indicators of the day.

Today’s Important Indicators

Market risk remained somewhat mixed in the Monday session following a positive US Jobs report as investors shift their focus on the US inflation number due today.

Most currency pairs and the most traded commodities were unchanged.

The low volumes yesterday are likely to increase in today’s UK and US data, and European and Canadian political events while investors eye BoJ’s Monetary Policy Meeting Minutes.

Today’s Forecast for Important Trading Indicators

Market Movers

• EURUSD – Euro mixed versus Dollar as investor sentiment remains subdued after Jobs report. Euro-Dollar traded sideways in the Monday session as investors were still digesting Friday’s numbers of NFP. The pair flattened as both bulls and bears failed to regain control over one another while no economic indicators were due. Currently, the price is trading near 1.2335.
• GBPUSD – Sterling gains momentum from recent swing low ahead of Annual Budget release. The British Pound improved by ~75 pips yesterday as investor appetite during the North American trade changed. Price formed a double bottom at 1.3840, where the 61.80% Fibo betides, before heading to the daily high of 1.3915 while no indicators were due.

• USDJPY – Dollar-Yen mixed on quiet trade as investors eye US CPI and BoJ minutes. Dollar and Yen were little quiet on Monday as both risk and safe-haven investors took a break following the positive NFP as they wait for today’s CPI and BoJ events. The pair closed only 20 pips lower than Monday’s open but having pushed nearly 65 pips higher intraday.
• USOIL – WTI marginally lower yet indecision takes over control on bear/bull battleground. WTI saw an intraday low at $59.85 in the Monday session as bears continued pushing the price lower following a poor EIA stocks report. Price formed a double bottom before heading to a daily high at $62.20 and a daily closed at $61.30. API in focus.

• XAUUSD – GOLD remains under pressure yet manages to hold above $1313 for a 9th session. GOLD closed unchanged above $1315 despite a failed bear attempt to break to lower levels as volumes were lower than normal in anticipation of the US CPI and BoJ’s Minutes today. The precious metal is trading a tad lower intraday while investors wait for volumes to increase during the said events.
• US Indexes – DJ fell by 0.62%, S&P 500 saw a 0.13% decrease.
• European Indexes – UK 100 trades 0.08% lower, DE 30 -0.05% lower.
• Asian Indexes – ASX 200 deteriorated by 0.40%, Nikkei 225 rose 0.66% higher, Hang Seng trades 0.19% lower.
• US Equities – Amazon appreciated by 1.24%, Tesla surged 5.61% higher.