NBC Daily Forex : September 06, 2013

By The National Bank of CanadaCurrenciesSep 08, 2013 01:36AM ET

www.investing.com/analysis/nbc-daily-forex-:-september-06,-2013-182824

NBC Daily Forex : September 06, 2013

By The National Bank of Canada | Sep 08, 2013 01:36AM ET

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The long awaited day is finally here! We are expecting employment figures from both sides of the border at 8:30, this morning. Economists are forecasting that 180,000 jobs were created in the U.S. and 20,000 in Canada. Strangely enough, strictly based on the performance of the various asset classes yesterday, we can expect excellent numbers from the U.S.

Further to the release of decent private sector employment data and far better-than-expected ISM Non-Manufacturing PMI and Initial Jobless Claims figures, the DXY Index, which charts the evolution of the greenback against a basket of 6 currencies including the euro, GBP and loonie, increased by 0.54%. Also noteworthy, 10-year bond yields increased by 3.5% to reach their highest levels since May 2011. This increase and the fact that the Fed is keeping a close eye on the unemployment rate to determine the best time to start tapering the program lead us to believe that markets are anticipating positive figures and are preempting the results of the FOMC meeting on September 18.

In Canada, we are expecting Ivey Purchasing Managers Index figures at 10:00 this morning. Have a great weekend!

EMPLOYMENT

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.65%

Apr 17, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	42,768.5	+189.7	+0.45%
US 500	5,764.8	+26.3	+0.46%
Dow Jones	42,801.72	+222.64	+0.52%
S&P 500	5,770.20	+31.68	+0.55%
Nasdaq	18,196.22	+126.97	+0.70%
S&P 500 VIX	23.37	-1.50	-6.03%
Dollar Index	103.810	-0.220	-0.21%

Crude Oil WTI	67.04	+0.68	+1.02%
Brent Oil	70.36	+0.90	+1.30%
Natural Gas	4.399	+0.097	+2.32%
Gold	2,914.10	-12.50	-0.43%
Silver	32.809	-0.529	-1.59%
Copper	4.7100	-0.0975	-2.08%
US Soybeans	1,025.00	-2.25	-0.22%

U.S. 10Y	4.304	+0.025	+0.70%
U.S. 30Y	4.601	+0.022	+0.44%
U.S. 5Y	4.083	+0.025	+0.74%
U.S. 3M	4.303	+0.002	+0.00%
US 10Y T-Note	110.55	-0.23	-0.21%
Euro Bund	127.66	-0.81	-0.63%
10-2 Yield Spread	30.34	-0.98	-3.13%

Apple	239.07	+3.74	+1.59%
NVIDIA	112.69	+2.12	+1.92%
Alphabet A	173.86	+1.51	+0.88%
Tesla	262.67	-0.78	-0.30%
Amazon.com	199.25	-1.45	-0.72%
Netflix	891.11	-15.25	-1.68%
Meta Platforms	625.66	-2.27	-0.36%

NBC Daily Forex : September 06, 2013

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