Friday, January 8, 2010
U.S. Equity markets are trading flat ahead of this morning’s jobs report. A friendly U.S. Non-Farm Payrolls Report is likely to trigger a rise in stocks today as it will signal the
economy is on the path to recovery.
Treasury futures could feel downside pressure today if the Non-Farm Payrolls number comes out much better than expected. A strong report will signal that the Fed is getting closer to
hiking interest rates. This would be negative news for March Treasury Bonds and Treasury Notes.
February Gold is likely to feel downside pressure if the Dollar rises. The daily chart indicates that a break to $1108.10 to $1100.40 is likely over the near term if the Dollar
accelerates to the upside.
The trading picture could be mixed in March Crude Oil. A bullish jobs report may trigger a rally because it indicates that the economy is improving which could lead to an increase in
demand for crude oil. On the bearside, a rise in the Dollar could pressure commodity prices. Watch for volatile trading today …
