- Markets calm ahead of key data.
- The dollar remains weak and raw materials consolidate recent gains.
- The US November employment report, known as NFP, is coming.
Wall Street futures are falling modestly as European stocks swing between gains and losses. There is a calm in the financial markets ahead of key US data. The dollar continues to slide and commodities hold on to the recent rise.
Slight drop, expectation in employment dice
In Europe the FTSE 100 falls 0.25%, while the DAX rises 0.25%. In weekly terms, with few exceptions, the main indices throughout the world are on track to close the week with gains. The S&P 500 closed Thursday down 0.09% and futures on Friday are losing 0.15%.. Those of the Dow Jones fall 0.15%, and those of the Nasdaq 0.24%.
Where all eyes are directed is the official employment report of USA. At 13:30 GMT the numbers that have great potential to move the market and influence the Federal Reserve’s monetary policy expectations will be released.
The market consensus is for a increase in non-farm payrolls of 200,000 and that the unemployment rate remains at 3.7%. The figure of 200,000 would be the lowest in two years, but could still have positive implications for the state of the economy.
In addition to the data, FOMC members Thomas Barkin and Charles Evans will speak publicly. In Canada The November employment report will also be published. Among the companies due to report results on Friday are Cracker Barrel and Canadian Western Bank.
mode is maintained
The dollar still weakened and raw Materials confirm recent gains. The expectation of a less aggressive Federal Reserve, following speeches by various central bank officials including Powell, remains the determining factor for commodities to continue to rise or hold on to recent gains and for the dollar to remain weak. The current pause in consolidation may find an end with the US jobs report.
The yen remains among the best performing currencies, with a high correlation to Treasury yields and not to equity markets. The USD/JPY it fell below 134.00, at new lows since mid-August.
Another of the currencies that stands out at the moment is the pound sterling, which not only advances against the dollar but also against the euro. EUR/GBP hit 0.8550, the lowest in three months.
Gold remains in the area of maximums in months around $1800, while silver falls after having approached $23.00.
The cryptocurrencies they also retain some of the recent recovery. Bitcoin operates in the area of $17,000, while ethereum just under $1,300.
The prices of Petroleum do not register significant variations. After hitting weekly highs on Thursday, they began a correction that extended into the recent European session. The WTI barrel remains in the $81.50 area.
technical levels
SP500
Overview | |
---|---|
Today’s last price | 4071.34 |
Today Daily Change | -4.27 |
Today Daily Change % | -0.10 |
Today daily open | 4075.61 |
trends | |
---|---|
Daily SMA20 | 3951.23 |
Daily SMA50 | 3812.52 |
Daily SMA100 | 3927.12 |
Daily SMA200 | 4037.82 |
levels | |
---|---|
Previous Daily High | 4099.11 |
Previous Daily Low | 4049.51 |
Previous Weekly High | 4042.3 |
Previous Weekly Low | 3932.05 |
Previous Monthly High | 4075.37 |
Previous Monthly Low | 3697.23 |
Daily Fibonacci 38.2% | 4068.46 |
Daily Fibonacci 61.8% | 4080.16 |
Daily Pivot Point S1 | 4050.38 |
Daily Pivot Point S2 | 4025.14 |
Daily Pivot Point S3 | 4000.78 |
Daily Pivot Point R1 | 4099.98 |
Daily Pivot Point R2 | 4124.34 |
Daily Pivot Point R3 | 4149.58 |
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.